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.
Ice-cream contains almost 50 percent milk or cream, while sherbet contains a maximum of 2% cream or milk. Ice-cream is based on a dairy product, like milk, cream or butterfat, while sherbet is based on fruit puree. Ice-cream is categorized into five styles based on its butterfat content, while sherbet has only one style of categorization.