What information is primarily revealed during an IPO?

The primary information revealed during an Initial Public Offering (IPO) is that the company's stock is being traded publicly for the first time. An IPO marks the transition of a private company into the public sphere, allowing it to raise capital by offering shares to the public for the first time. This event is significant not just for the company but also for investors, who now have the opportunity to buy shares in the company, making it subject to the regulations and scrutiny of the public markets.

In this context, while other options may contain relevant information about a company, they do not capture the essence of what occurs during an IPO. For instance, while existing debts and liabilities might be disclosed in filings related to the IPO process, they are not the primary focus of the event itself. Similarly, market interest rates and executive compensation packages, though important financial aspects, are not the defining characteristics of an IPO. The spotlight during an IPO is primarily on the company's transition to being a publicly traded entity.