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.
Outside the US, sherbet and sorbet varieties are essentially the same thing, but within US consumption, sherbet contains some kind of dairy product in small quantities, for example, cream, milk-fat or butterfat; typically, the milk-fat content does not exceed 3 percent.