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: Fruit and Cream. Sherbet is sorbet's creamier cousin. A little cream, milk, egg whites, gelatin, or even buttermilk is added to a sorbet mixture, and the result is a frozen dessert that's richer than sorbet but still lighter than ice cream. It's Sherbet, Not Sherbert. Let's get something straight here.