Follow on Public Offer (FPO)

FPO refers to follow on public offering. It is also known as Further Issue. It is in contrast with an IPO whereby an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public.

A Further Issue or an FPO is  when an already listed company makes either a fresh issue of securities to the public or an offer for sale to the public, through an offer document.