public offering
Shares for everyone
A public offering is when a company sells securities—typically stock—to the general public rather than to a select group of investors.
An initial public offering (IPO) marks a private company's first sale of shares on the stock market: The tech startup's public offering raised two billion dollars.
Companies may conduct subsequent offerings to raise additional capital.
Units of company ownership
- stockGoods kept for sale
- ownershipLegal right of possession
- dilutionReduction in concentration
- common stockBasic corporate ownership units
preferred stock · shareholder · voting rights · equity stake · capitalization · outstanding shares · par value · treasury stock
First public stock offering
- prospectusFormal investment disclosure document
- roadshowTraveling promotional presentation
- underwritingRisk evaluation and acceptance
- filingStoring documents systematically
registration · pricing · allocation · due diligence · syndicate · flotation · debut · oversubscription
Securities trading marketplace
- listingRecorded item in catalog
- tradingExchanging for value
- capitalizationUsing big letters properly
- liquidityConvertibility to cash
market maker · aftermarket · secondary market · volume · NYSE · NASDAQ · float · opening price
One who assumes financial risk
- issuerOne who distributes officially
- investorsThose who commit capital
- institutional investorsOrganizations investing pooled funds
- retail investorsNon-institutional securities buyers
broker-dealer · investment bank · co-manager · sponsor · venture capitalist · private equity · angel investor · subscriber
Stock market regulator
- disclosureAct of revealing information
- securities lawRules governing tradable investments
- complianceAdhering to requirements
- insider tradingIllegal securities transactions using nonpublic information
Sarbanes-Oxley · regulatory approval · FINRA · fiduciary duty · cooling-off period
shares
Units of company ownership
common stock · preferred stock · shareholder · voting rights · equity stake · capitalization · outstanding shares · par value · treasury stock · stock split
IPO
First public stock offering
- prospectusFormal investment disclosure document
- roadshowTraveling promotional presentation
- underwritingRisk evaluation and acceptance
filing · registration · pricing · allocation · due diligence · syndicate · flotation · debut · oversubscription · red herring
stock exchange
Securities trading marketplace
- listingRecorded item in catalog
- tradingExchanging for value
- capitalizationUsing big letters properly
liquidity · market maker · aftermarket · secondary market · volume · NYSE · NASDAQ · float · opening price · closing price
underwriter
One who assumes financial risk
- issuerOne who distributes officially
- investorsThose who commit capital
- institutional investorsOrganizations investing pooled funds
retail investors · broker-dealer · investment bank · co-manager · sponsor · venture capitalist · private equity · angel investor · subscriber · bookrunner
SEC
Stock market regulator
- disclosureAct of revealing information
- securities lawRules governing tradable investments
- complianceAdhering to requirements
insider trading · Sarbanes-Oxley · regulatory approval · FINRA · fiduciary duty · cooling-off period
- business movesmerger, acquisition, layoffs, restructuring, expansion
- equity raisingIPO, equity funding, funding round, Series A, seed funding
- Securities IssuanceIPO, issuance, underwriter, prospectus, bond issue
- Securities LawSEC, securities, securities fraud, insider trading, prospectus
- flotationsIPO, listing, underwriting, prospectus, buoyancy
- securities regulationsecurities law, insider trading laws, securities fraud, insider trading, prospectus
public offeringleveraged buyout
Debt-funded corporate acquisition
management buyout · privatization · going private · delisting · share buyback
public, offer, publish, offering, offered, publication, publishing, offers, published