following transactions is subject to registration requirements of the Securities Act of 1933? A. The public sale of stock of a trucking company regulated by the Interstate Commerce Commission. B. A public sale of municipal bonds issued by a city government. C. The issuance of stock by a publicly-traded corporation to its existing shareholders because of a stock split. D. The public sale by a corporation of its negotiable 10-year notes. Which of the following is least likely to be
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the company’s growth can no longer be funded by internal sources, so Larissa and Dan have decided the time is right to take the company public. To this end, they have entered into discussions with the investment bank of Crowe & Mallard. The company has a working relationship with Robin Perry, the underwriter who assisted with the company’s previous bond offering. Crowe & Mallard have helped numerous small companies in the IPO process, so Larissa and Dan feel confident with this choice. Robin
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IPO, it would have to go through a similar process for secondary offering. This time and resource should be better invested in developing and implementing the growth strategy. The direct cost of this IPO is approximately $2.5m in administration fees plus $5.25m underwriter fees for $75m, or $6.3m for $90m. Spending the extra $1m in fees now to raise $90m, will save approximately $2.5M of administration fees of secondary offering. Investor opinion The decision to raise $90m may have a favorable
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ROSETTA STONE: pricing the 2009 IPO Teaching Note This case examines the April 2009 decision of Rosetta Stone management to price the initial public offering of Rosetta Stone stock during one of the most difficult periods in capital-raising history. The case outlines Rosetta Stone’s unique language-learning strategy and its associated strong financial performance. Students are invited to value the stock and take a position on whether the current $15 to $17 per share filing
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Ben & Jerry’s Homemade Inc. Case Study Case Summary This case examines issues of asset control for Ben & Jerry’s Homemade, Inc., in light of the outstanding takeover offers by Chartwell Investments, Dreyer‘s Grand, Unilever, and Meadowbrook Lane Capital in January 2000. The case requires a discussion of fundamental firm objectives and the implications of a non-traditional corporate orientation; one needs to review the development of Ben & Jerry's strong social consciousness and the takeover defence
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The tem initial Public Offering refers to a company stock market launch sale of stock for general public to purchase. It is the transformation of a private company/organization to a public company/organization. IPO is a way for the company/organisation to conjure more capital for its their business expansions This helps the company/organization to easily raise expansion capital to fund additional projects with positive cash flow. Hence, it reduces debts the company/organization will have if they
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What is HR audit? A healthy HR function in an organization is as important as the physical and mental well being of a human body. Typically the basic reason why organizations prefer to conduct an HR audit is to get a clear judgment about the overall status of the organization and also to find out whether certain systems put in place are yielding any results. HR audit also helps companies to figure out any gaps or lapses and the reason for the same. Since every company plans certain systems and targets
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will demonstrate the different types of fund raising process, and focus on the Dutch Auction as why Google chose such method and why our study object chose such method, then illustrate the result by comparing the latest stock price with the original offering price and demonstrating the purpose of raising the equity with the current performance of the company. Case background and Introduction to IPO Google started out as a research project of determining the importance of a website’s based on the
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1. The largest difference in the costs is the definitely the reduced possibility of under pricing in a Dutch auction. I cannot determine which one is better than the other. In theory, the Dutch auction should be better since it should eliminate under pricing. According to Google shows, under pricing can still exist in a Dutch auction. Whether the under pricing is a severe in a Dutch auction as it would be in a traditional underwritten offer is unknown. 2. There is no type of formula I can determine
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Apex is compliant with Section 404 regarding internal control, but not 302 relating to the certification of the chief executive officer (CEO) and chief financial officer (CFO)." He continues, "As you know, compliance is necessary for an initial public offering (IPO) of equity shares. If John and Mary aren't confident that the internal control is sound, then they need to take steps now to change procedures.” “So, let's discuss the requirements and considerations for the CEO and CFO to achieve compliance
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