See initial public offering. When a company reaches a certain stage in its growth, it may decide to issue stock, or go public, with an initial public offering (IPO). The goal may be to raise capital, to provide liquidity for the existing shareholders, or a number of other reasons.
Sherbet (often pronounced sherbert in American English) is a frozen dessert made from iced sweetened fruit juice or puree. Sherbets usually have more ingredients, such as milk, egg whites, or gelatin, than sorbets, which are generally made from iced fruit puree and other ingredients.
Q. My grocery store carries both sherbet and sorbet. A. Sorbets and sherbets are similar, but there are some important differences. For example, sorbets are friendly to lactose-intolerant individuals since they don't contain any dairy products. Sherbet on the other hand can contain dairy in it.