To: Elizabeth Porto From: Owen Gearty Date: 7 April 2014 Subject: Initial Public Offering When a company wants to raise money to further fund its operations it can do so through an Initial Public Offering, or IPO. A private company can choose to sell shares in its company to interested investors, but first the value of a company’s shares must be evaluated. When a company decides to go public it needs to hire an underwriter, or investment bank. The owner of the company must file an S-I
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company, and then take it public through an IPO (initial public offering). Is the prospect of realizing great gains by going public that feeds the venture capital frenzy. During the dot-com glory days, many companies with no revenues – indeed, with prospect of revenues in the foreseeable future – went public and consequently made their investors very rich. The Washington Post article provided below offers a story of a company that has just “gone private” after being public for a number of years. The
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to assist in resolving the issues that resulted from the Great Depression, an unmatched economic calamity that eventually produced an unemployment rate of 25% and a 33% reduction of the nation's economy. The regulation of securities was a good initial foundation for the New Deal reforms. The stock market crash of 1929 was a major cause leading to the economic downfall of America, known as the Great Depression. Today, the word securities refers to negotiable financial instruments, such as, banknote
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AT&T Wireless IPO Paper AT&T Wireless is a provider of telecommunications services in the United States and worldwide. Services offered include wireless communications, local exchange services and long-distance services. AT&T operates in four segments: Wireless, Wire line, Advertising Solutions and Other. Its Wireless subsidiaries provide both wireless voice and data communications services across the United States, and through roaming agreements, in a substantial number of foreign countries According
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in the U.S. has lessened extensively in the most recent year, as indicated by her insights. Wortham goes further to elaborate how Facebook officials, in any case, aren’t worried by this pattern as they only concentrated on the release of their initial public offer. Wortham met a few youngsters who either surrendered their Facebook records or never opened one. What reasons do they give for not having any desire to take part? Do their reasons sound good to you? Why or why not? On the off chance that
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Introduction to Public Relations Term Paper Why is it important for a corporation’s health to have good relations with its media, customers, employers, and investors? The large size of a corporation can distance themselves from stakeholders. The average consumer can’t comprehend how big a company like Wal-Mart really is, 419 billion in sales. We want to feel appreciated. The public is often distrustful of the power, influence, and credibility of such giant businesses. Corporate scandals take
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Agency Problem Clash between shareholder and management. How to Reduce (1) Threat of job (2) Stock / Share offering (3) Centralized Decision (4) Monitoring Financial Market The market where securities are sold and purchase is called financial market. Financial System The system in which the surplus and deficit which meets together for their mutual benefits. e.g. Bank loan. Surplus Unit The units which have excess money. Deficit Unit The units which need money. Financial
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PROJECT Case Study: Initial Public Offering of Ordinary Shares of AirAsia X Berhad Memo COURSE CODE : GSM 5421 COURSE NAME : INVESTMENT ANALYSIS TRIMESTER : 2012/2013 LECTURER : DR. CHEN CHAW MIN DATE OF SUBMISSION : 20 JULY 2013 FOREIGN INVESTORS GROUP MEMBERS: Memo To: Joe Campos, VP of Sales From: Kate Chaplain, Senior Sales Associate Date: April 5, 2013 Subject: Quarterly Review Mr. Campos, Purpose: Air Asia X Berhad Initial Public Offerings (IPO) of Ordinary Shares
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vastly reducing their opportunities for successfully monetizing their shares. O The most popular exit strategies are: • A merger with another company, either public or private • An acquisition by another company, either public or private • An Initial Public Offering (“IPO”) whereby a private company offers its shares to the general public through a registration process with the Securities and Exchange Commission (“SEC”) • A private placement, whereby the company sells its securities to accredited
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ARTICLE IN PRESS Journal of Financial Economics 84 (2007) 330–357 www.elsevier.com/locate/jfec Politically connected CEOs, corporate governance, and Post-IPO performance of China’s newly partially privatized firms$ Joseph P.H. Fana,Ã, T.J. Wonga, Tianyu Zhangb a The Chinese University of Hong Kong, Shatin, N.T., Hong Kong b City University of Hong Kong, Kowloon, Hong Kong Received 19 August 2005; received in revised form 31 January 2006; accepted 6 March 2006 Available online 24 January
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