Initial Public Offering
(finance) when a corporation “goes public”; the first sale of stock by a corporation. all sales of stock or bonds on the stock market require the services of an underwriter, or investment bank. outside of the usa and china, it is common for regular banks to offer underwriting for corporations.
incorporation is a legal status that allows (but by no means requires) a firm to issue stock. moreover, once a corporation lists stock, it does not necessarily do so on a major exchange. some corporations areclosely held, which means they have a small number of shareholders who are mostly affiliated with management; other corporations are “private,” which means they have no stock issues at all, and control/shares of profits are determined contractually.
some corporations have issues of stock, and that stock is traded, but it is not listed. instead, it is traded on the “pink pages.” such companies are usually in a bad way, but not necessarily.
an ipo is the first issue of stock by a corporation that doesn’t already have a listed stock. if a company is “taken private” (i.e., bought out by a pe fund and de-listed) then it can have another ipo (or “sponsored ipo”). most likely, however, if a listed company will need to raise money on the stock market, it will have a “follow-on offering.”
a fantasy of many entrepreneurs is “going public” with a big initial public offering, and retiring to a beachfront mansion.
when a young 20-something goes topless in public for the first time. is usually preceded by consumption of large quantaties of captain morgan or fruity drinks. most likely to see an initial public offering or ipo in short, at….river escapades, mardi gras, tailgate parties, outdoor rock concerts, or possibly company picnics.
dude, you should have seen suzy at the river this weekend, two long islands, and she was giving all the guys at the beach zipper flexes when she gave everyone an initial public offering.
dans’ wife pulled off an initial public offering in front of the boss at the company party over the weekend. you just know that -sshole is going to get a promotion now.
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