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

Firm committment

Banking; Initial public offering

An underwriting that has the committment of the underwriter group to distribute all the shares issued as a result of the new issuance of stock. This is the top eschelon of offerings.

Flipper

Banking; Initial public offering

A trader in the market who is in and out of stocks usually in a matter of days or in the case of new issues maybe a matter of minutes.

Equity pricings

Banking; Initial public offering

An IPOfn daily fax report that lists all new issues that have been officially priced for trading that day. Any deal which might tentatively be priced during the day, if known, is also included.

The physical location where brokers transact business for their clients. The principal ones are the NYSE (New York Stock Exchange), ASE (American Stock Exchange) and NASDAQ (National Association of ...

Fast track

Banking; Initial public offering

An IPO that files a registration statement with the SEC and schedules an early series of roadshows for the institutional investors feeling that the offering will receive little if any comments from ...

Best efforts

Banking; Initial public offering

An underwriting that has no sponsorship by the underwriter doing the deal. The company expects to sell a certain amount of shares and the underwriter will expend their "best efforts" to do so. In the ...