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 distinct from ice cream primarily by its level of butterfat: in the US, sherbet must contain between 1 and 2 percent butterfat, whereas ice cream must have least 10 percent. Sherbet might also be confused with sorbet, the name for which also comes from the Arabic sharbah.