Post-IPO equity is stock a company sells after it is already public (for example, a secondary offering). It raises additional capital but dilutes existing shareholders, and its pricing is anchored to the current market price.
Where in the journey
Public.
What the money is for
Raise more capital for growth, acquisitions, or the balance sheet.
Common investors
Public-market investors, institutions.
Watch out for
Dilution; issuing shares can pressure the stock price.