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For each historical identification question, define the term and briefly describe its historical significance.
Thermidorean Reaction
Initial Public Offerings
The process wherein a private company sells its shares to the public for the first time to raise capital.
Long Term
Refers to an extended period of time, especially in the context of investments or financial planning, typically over a year.
Initial Public Offering
The first sale of stock by a private company to the public, marking a transition from private to public ownership.
Book Building
A process by which an underwriter attempts to determine the price to offer for an initial public offering based on demand from institutional investors.
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