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.
Sherbet is a fruit-based âice-creamâ, made by mixing fruit puree and flavorings with either 2 percent, or less, butterfat. Generally, ice-cream and sherbet are made by a similar process, and are only differentiated by the ingredients that go into either product. Sherbet is made by mixing fruit juice, fruits, some flavorings, a stabilizer like vegetable gum, and a little cream.