10 Terms
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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
state bank
Banking; Initial public offering
A financial institution that has been chartered by a state to provide commercial banking. A state bank is not the same as a central or reserve bank because those banks are primarily concerned with ...
filing range
Banking; Initial public offering
The price range that the underwriter and issuer of the IPO have agreed upon as the tentative minimum and maximum levels the stock will be priced at. This can easily be modified above or below to ...
final prospectus
Banking; Initial public offering
The last prospectus to be printed which is after the deal has been officially priced and issued to the public. It contains the final missing pieces to the registration puzzle, including exact shares ...
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.
float
Banking; Initial public offering
The number of shares of a company that are available for trading by the public. It does not include those shares that are closely held by officers, directors and other so-called insiders.
global shares
Banking; Initial public offering
The shares that are part of an offering going directly to international investors. This is usually done with the larger deals and underwriters.
