chap019 - Chapter 19 ISSUING SECURITIES TO THE PUBLIC...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 19 ISSUING SECURITIES TO THE PUBLIC SLIDES CHAPTER ORGANIZATION 19.1 The Public Issue The Basic Procedure for a New Issue 19.1 Key Concepts and Skills 19.2 Chapter Outline 19.3 The Public Issue 19.4 The Process of a Public Offering 19.5 An Example of a Tombstone 19.6 Alternative Issue Methods 19.7 Table 19.2 - I 19.8 Table 19.2 - II 19.9 The Cash Offer 19.10 Firm Commitment Underwriting 19.11 Best Efforts Underwriting 19.12 Dutch Auction Underwriting 19.13 IPO Underpricing 19.14 The Announcement of New Equity and the Value of the Firm 19.15 The Cost of New Issues 19.16 The Costs of Equity Public Offerings 19.17 Rights 19.18 Mechanics of Rights Offerings 19.19 Rights Offering Example 19.20 What is the new market value of the firm? 19.21 What Is the Ex-Rights Price? 19.22 What Is the Ex-Rights Price? 19.23 The Rights Puzzle 19.24 Shelf Registration 19.25 The Private Equity Market 19.26 Private Placements 19.27 Venture Capital 19.28 Corporate Equity Security Offerings 19.29 Stages of Financing 19.30 Quick Quiz
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A-230 CHAPTER 19 19.2 Alternative Issue Methods 19.3 The Cash Offer Investment Banks The Offering Price Underpricing: A Possible Explanation 19.4 The Announcement of New Equity and the Value of the Firm 19.5 The Cost of New Issues 19.6 Rights The Mechanics of a Rights Offering Subscription Price Number of Rights Needed to Purchase a Share Effect of Rights Offering on Price of Stock Effects on Shareholders The Underwriting Arrangements 19.7 The Rights Puzzle 19.8 Shelf Registration 19.9 The Private Equity Market Private Placement The Private Equity Firm Suppliers of Venture Capital Stages of Financing ANNOTATED CHAPTER OUTLINE Slide 19.1 Key Concepts and Skills Slide 19.2 Chapter Outline 19.1. The Public Issue .A The Basic Procedure for a New Issue Slide 19.3 The Public Issue Slide 19.4 The Process of a Public Offering -Obtain approval from the Board of Directors -File registration statement with the SEC -SEC requires a 20-day waiting period Company distributes a preliminary prospectus called a red herring Cannot sell securities during waiting period
Background image of page 2
CHAPTER 19 A-231 -The price is set when the registration becomes effective and the securities can be sold Tombstones – large advertisements used by underwriters to let investors know that new securities are coming to market Slide 19.5 An Example of a Tombstone Lecture Tip: The June 2000 issue of Red Herring provides a summary of the IPO process in “The Anatomy of an IPO” (p. 392). It provides a look at how a company goes public, starting with choosing the underwriter all the way through the first day of trading. The process is a hectic one with a lot of paperwork and marketing. Video Note : “Going Public” shows what must be done to take a company public. This is a common exit strategy for VCs. 19.2.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/21/2011 for the course NIKA 101 taught by Professor Temur during the Spring '11 term at Acton School of Business.

Page1 / 14

chap019 - Chapter 19 ISSUING SECURITIES TO THE PUBLIC...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online