Chapter 19

Chapter 19 - Chapter19 19:53

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Chapter 19 19:53 Initial public offering (IPO) : The first public offering of a corporation’s stock Investment bankers : Specialists who assist in the issue and sale of new  securities Institutional investors : Large organizations—such as pension funds, mutual  funds, and insurance companies—that invest their own funds or the funds of  others Stock exchange : An organization whose members can buy and sell (exchange)  securities for companies and individual investors Over-the-counter (OTC) market : Exchange that provides a means to trade  stocks not listed on the national exchanges NASDAQ : A nationwide electronic system that links dealers across the nation so  that they can buy and sell securities electronically Securities and Exchange Commission (SEC) : Federal agency that has  responsibility for regulating the various stock exchanges Prospectus : A condensed version of economic and financial information that a  company must file with the SEC before issuing stock; the prospectus must be 
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Chapter 19 - Chapter19 19:53

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