A share offering is used by companies to sell stock to accredited investors. Accredited investors must have a net worth of at least one million dollars in the US. They can be wealthy individuals and organizations such as banks, insurance companies, some corporations, and retirement plans. A formal offering has a prospectus filing including info similar to a Q report for potential investors to evaluate company worth.
The word "Free" being used in the sentence makes me think your seeing this at message boards and it has nothing at all to do with a real share offering.
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