Initial public offering

Initial public offering

Referring to the process of transforming a private company into a public company by selling shares of its stock to the general public for the first time on a securities exchange.

Industry: Banking

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Initial public offering

Price revision

Banking; Initial public offering

Any change in the tentative price range of an offering. This occurs in 2 distinctly different market conditions. If IPO is in high demand, the underwriters will often times try to balance the ...

Principal shareholder

Banking; Initial public offering

Any shareholder who owns 10 percent or more of a company's voting stock. If that is not applicable, then it will refer to the largest shareholders.

The basic amount of money invested on each individual trade derived by multiplying the number of shares by the price for either the buy or sell transaction. Commissions and other fees would be added ...

Privately held

Banking; Initial public offering

A company that is either owned by a few people, or the shares of a company that have never been offered publicly for sale.

Cusip number

Banking; Initial public offering

A number assigned by the Committee of Uniform Security Idenification Procedure (CUSIP) that appears on the face of all securities documents. Each security is given its own number so it can be easily ...

Delivery

Banking; Initial public offering

Referring to the actual delivery of the stock certificates to the buyers as delivered from the seller. This completes the transaction.

Preliminary official statement

Banking; Initial public offering

A preliminary version of the official statement, which is used to describe the proposed new issue of municipal securities prior to the setting of the rates and prices. The preliminary official ...