As-Syefa Holdings is a diversified company. In addition to its primary business operations, the firm is also the sole shareholder of a wholly owned subsidiary. As part of its restructuring plan, As-Syefa has decided to implement an IPO offering for shares in the subsidiary. This offering is equivalent to a 25 percent ownership stake in the subsidiary. What is the distribution of these shares called? *

lockup transaction

countertender offer

split-up

white knight transaction

equity carve-out