initial offering

NOUN
16 LETTERS · STARTS WITH I

initial offering is a valid 16-letter word worth 22 points in Scrabble and 26 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
I1N1I1T1I1A1L1O1F4F4E1R1I1N1G2
1 + 1 + 1 + 1 + 1 + 1 + 1 + 0 + 1 + 4 + 4 + 1 + 1 + 1 + 1 + 2 =22 PTS
DOUBLE WORD → 44TRIPLE WORD → 66
MEANING

What does initial offering mean?

NOUN · 1 SENSE
1

A corporation's first offer to sell stock to the public.