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The Dutch East India Company (VOC) was the first joint-stock company to trade with India. The company was established in 1602 by the States General of the United Netherlands to profit from the Malukan spice trade. The VOC was also the first company to offer equity shares to the public, which is considered the world’s first initial public offering (IPO). The company was granted a 20-year monopoly on trade with the East Indies, as well as sovereign rights in any newly discovered territories.