What is the definition of FPO in the stock market?

[Yale]

Can someone explain the meaning of FPO (Follow-on Public Offer) in simple terms and how it differs from an IPO?

 

[Blaise]

In the stock market, FPO stands for Follow-on Public Offer—when a company already listed on an exchange issues additional shares to raise more capital after its initial public offering (IPO).

 

[Darcey]

FPO (Follow-on Public Offering) is the issuance of additional shares by a publicly listed company after its IPO. It raises fresh capital or allows existing shareholders to sell stakes, increasing public float while diluting existing shareholding. FPOs are common for expansion, debt reduction, or regulatory compliance and strategic business growth.