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Venture capitalists typically create wealth by investing in a start up firm when its stock is less valuable, and then subsequently selling that stock for a higher price during the firm's _____________________ ,

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Answer:

The correct answer is: initial public offerings

Explanation:

Venture capital is a kind of private equity. It is the finance provided to small firms which have high growth potential.

Venture capitalist finance startup in their initial stages when their stock is less valuable. And then earn profits by selling these stocks in the initial public offerings at higher price.

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