Initial Offering Date
Categories: IPO
When a private company wants to become a public company, it has to go through a long, complicated process. First it must go on a quest for the magic amulet. This artifact will grant the firm one wish, but only if the company is true of heart and clean of spirit. Using that wish, and speaking the proper mystical incantation, launches an initial public offering.
That, or the company can file a bunch of paperwork. It may seem as long and involved as the quest for a mystical artifact. Less dragon-slaying though, and more meetings in conference rooms.
Once all the documents are properly filled out and the IPO process is nearing its end, the company will set an initial offering date. That's the first day it can sell its shares to the public.
Any public offering (not just a stock IPO) will have an initial offering date. It generally applies to the day a security becomes available to the public.
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Finance: What is a red herring? (Plus Br...34 Views
finance a la shmoop what is a red herring?
hi I'm red, red-err-ing.. red herring I'm here to tell you about my role in high [Red herring swimming in the ocean]
finance I'm actually the co-star of an IPO, how so you asked well yes of
course you asked..what's that, what's my primary job well my primary job is to
distract that's kind of why I was put on earth here to distract people, fish and [Man on a ship]
birds from you know other things that's what the red in red herrings do and no
we're not communists although we all do like the same brand of plankton but
that's me the fish me the IPO mascot that's a lot more fun...
I'm the namesake of an investment marketing document I'm the papers that
get filed with the SEC that outline the details of a new offering an IPO....
A secondary placement of founder shares after a company has already been public
a while as well I'm also there for a bond offering, a proposed merger all of [List of what red herrings are used for]
them need me so why do I exist.... while the goal here is to give investors
time to really get to know the issue they may want to invest in I don't carry
all the details not specific pricing, no legally binding asks and just an outline
of what's being proposed but I'm like 98% done and by not being fully done
it's easy to amend and tweak and change this and that so that the really uptight [Red herring talking]
fisherman at the SEC don't get all hacked off if they you know end up
reeling something in that well they didn't want [Fisherman catches a shark]