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The scope of an initial public offering or an IPO is to offer stock to the public for the first time. Many company owners have become instant millionaires during an IPO.

Yes. a good example is facebook. I could not buy the ipo but as soon as the stock went public the price per share was much lower than it is now. I see some info about alibaba. I know of an alibaba in the Middle East. It might be something different that this IPO below:

Alibaba Frenzy Escapes Small Investor Lack of Familiarity with Alibaba in U.S. Limits Interest Ahead of IPO
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10y ago
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Q: What is a scope of initial public offering?
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