In which context would a company invite the public to make offers for shares?

The correct context in which a company invites the public to make offers for shares is known as a public offering. In a public offering, a company issues shares to the general public, allowing investors to purchase shares directly from the company, often through an underwriter. This process is typically regulated by financial authorities and involves extensive disclosure to ensure that potential investors have the necessary information to make informed decisions.

In contrast, an invitation for offers, like a subscription invitation, may imply a more limited engagement, often within a specific framework or to a select group rather than the general public. A market proposal and private placement do not involve public solicitation in the same way and are typically narrower in scope—private placements are aimed at a select group of investors rather than the public at large, which does not align with the concept of inviting broader public offers. Therefore, the context of inviting the public specifically aligns with the concept of a public offering.