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The FPO meaning refers to the process through which companies that have previously raised capital via an Initial Public Offering (IPO) can offer more shares to generate further funding. FPO stands for follow-on public offering, a process through which a listed company issues additional shares to the public for capital. Learn about the two types of FPOs, dilutive and non-dilutive, and how they differ from IPOs in this comprehensive guide. 15 definitions of FPO . Definition of FPO in Business & Finance. What does FPO stand for ? An FPO (Follow-on Public Offer) is a way for companies already listed on the stock market to raise extra funds by selling new shares.