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24 Cards in this Set
- Front
- Back
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IPO (E)
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Initial Public Offering
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An Initial Public Offering (IPO) takes place when a private company raises capital by introducing its shares on the stock market and becomes a public limited company (plc) (US: inc). Before a private company can go public, it must comply with the requirements of the regulators of the stock exchange (US: Securities Exchange Commission) and file an application giving full details of its accounts. Most companies prefer to use the services of an investment bank to manage or underwrite the offering.
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IPO = Initial Public Offering
comply = act in accordance with a wish or command regulators = person supervises a particular industry or business activity underwrite = (of a bank or other financial institution) engage to buy all the unsold shares in |
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Advantage or disadvantage?
1. Management will face pressure to produce positive quarterly results. 2. Outsiders may impose their views on management. 3. The value of the business may suddenly fluctuate. 4. More people will be aware of the company's existence. 5. The company will be obliged to disclose financial information. 6. The company can obtain finance without having to repay a debt. 7. Employees can exercise stock options. 8. Capital will be available for expansions. |
D - 1. Management will face pressure to produce positive quarterly results.
D - 2. Outsiders may impose their views on management. D - 3. The value of the business may suddenly fluctuate. A - 4. More people will be aware of the company's existence. D - 5. The company will be obliged to disclose financial information. A - 6. The company can obtain finance without having to repay a debt. A - 7. Employees can exercise stock options. A - 8. Capital will be available for expansions. |
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drop dead (E)
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mind its own business
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rocket (US: shakedown) (E)
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a way of obtaining money by fraud or deception
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kickback (Br: backhanders) (E)
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sums of money paid to someone in exchange for a favour
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hype (E)
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promote something with exaggerated claims
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gun (E)
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attempt to defeat
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brains will trump brawn (E)
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intelligence will win against power
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status quo (E)
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the situation as it is
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(public) auction (E)
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a method of selling where people bid against each other
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market price (E)
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the price determined by supply and demand
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brokerage (E)
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companies specialized in selling stocks
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cartel (E)
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a group of companies that form an alliance to control a sector
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monopoly (E)
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a situation where there is only one supplier of goods or a service
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share price (E)
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the price of a company's shares
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equities (E)
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stocks and shares
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commission (E)
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the percentage paid on transactions
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outlast (E)
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be of longer duration
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outscore (E)
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obtain a better result
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outmaneuvre (E)
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use tactics to gain advantage
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outnumber (E)
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be more numerous
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outperform (E)
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compete more effectively
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outbid (E)
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buy something with a higher offer
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