Which of the statements below is FALSE?

A.

A company is said to go "public" when it opens up its ownership structure to the general public through the sale of common stock.

B.

Most companies have the resident expertise to complete an initial public offering (IPO) or first public equity issue.

C.

Companies choose to sell stock to attract permanent financing through equity ownership of the company.

D.

Selling of shares is the selling of ownership in the company.