initial offering vs initial public offering

initial offering and initial public offering both are nouns.

Word	Noun	Adjective	Verb	Adverb
initial offering	Yes	No	No	No
initial public offering	Yes	No	No	No

As nouns, initial offering and initial public offering are synonyms defined as:

initial offering and initial public offering: a corporation's first offer to sell stock to the public

Other synonyms of initial offering include IPO.

initial offering (noun)	initial public offering (noun)
a corporation's first offer to sell stock to the public	a corporation's first offer to sell stock to the public