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.
While similar to sherbet in that it is a frozen dessert made with sweetened water paired with a flavor of some sort, sorbet does not contain dairy products. Sorbets are often made from frozen juices or purees, but can also be made from ingredients such as cocoa.