It's the first time a stock is offered for sale to the general population.
6 seconds sound clip from the The Wolf of Wall Street movie soundboard.
You can hear this line at 01:06:27 in the Blu-ray version of the movie.
Quote context
[...]
- Then, while they were looking for a smoking gun in that room...
- Arncliffe International is on fire.
- I was gonna fire off a bazooka in here, offering up our latest IPO.
- An IPO is an initial public offering.
- It's the first time a stock is offered for sale to the general population.
- Look. I know you're not following what I'm saying anyway, right? That's okay. That doesn't matter.
- The real question is this. Was all this legal? Absolutely fucking not.
- But we were making more money than we knew what to do with.
- And what do you do when you're making more money than you know what to do with?
[...]