what is a follow on offering fpo 
a follow on offering fpo is an issuance of stock shares following a company s initial public offering ipo there are two types of follow on offerings diluted and non diluted a diluted follow on offering results in the company issuing new shares after the ipo which causes the lowering of a company s earnings per share eps during a non diluted follow on offering shares coming into the market are already existing and the eps remains unchanged any time a company plans to offer additional shares it must register the fpo offering and provide a prospectus to regulators 