The IPO year of Gourmet Provisions International Corporation is 2020
Initial public offering is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
Through IPO a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors.
Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors.
The IPO process is colloquially known as going public. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares.
Gourmet Provisions International Corporation franchises pizza and sub restaurants in the United States. Its restaurants offer pizzas, subs, calzones, salads, and beverages. The company also provides an express franchise for carts/kiosks; and retail franchises for retailers. The company was formerly known as Unique Foods Corporation and changed its name to Gourmet Provisions International Corporation in November 2020. Gourmet Provisions International Corporation is based in Trafford, Pennsylvania.