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

Oversubscribed

Banking; Initial public offering

When investors want to buy more shares of a new security than will be available. Under this condition, the price of the security has a greater likelihood of opening at a premium to the offering price ...

Participating underwriters

Banking; Initial public offering

One of the IPOfn Money Managers/Traders Package reports that lists all the underwriters that are acting as lead or co-manager of an offering. The report enables the subscriber to see not just the ...

Penalty bid

Banking; Initial public offering

A syndicate manager's stabilising bid which carries the provision that selling concessions will be withheld from, and a penalty will be assessed against, any syndicate members whose customers offer ...

Pipeline

Banking; Initial public offering

A term referring to the new issues that are scheduled to come to market with some sort of tentative timing. Many deals may have filed to come to market but not all, at any one time, may have a ...

Postponement

Banking; Initial public offering

When an offering that had a tentative calendar date is pushed back in timing to a later date. If market conditions deteriorate to the point when the deal may not be viable, the tentative calendar day ...

Preliminary prospectus

Banking; Initial public offering

Often referred to as a 'red herring'. A prospectus printed with red print on the front page on the left margin which explains that the prospectus is incomplete. There may be several such filings for ...

Price range

Banking; Initial public offering

The tentative minimum and maximum prices within which the IPO will probably be priced. This can be subject to upward and downward revisions as deemed necessary by both the underwriter and the issuer.