Which of the following statements is CORRECT? Group of answer choices When stock in a closely held corporation is offered to the public for the first time, the transaction is called going public or an IPO, and the market for such stock is the IOP market. Going public establishes a firms true intrinsic value and ensures that a liquid market will always exist for the firms shares. When a corporations shares are owned by a few individuals, we say that the firm is public owned. The stocks of publicly owned companies generally are not registered with and not reported to a regulatory agency such as the SEC. It is impossible for a firm to go