FNCE30002 Lecture 1: Equity
27 Jun 2018
School
Department
Course
Professor
www.Raiungcapitat
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characteristics permanent
contribur
ofcapital
ordinary 1hhavevotingrights
1h havebendual
claimto return andofcapital
moreriskyform
ofinr
Whyfloat create
publicmares
forme infuture
acquisition
establishmht
price
enhancereputation
broaden
bone
ofownership
IPOProcers
Fan investmentbanker prepprospectus underwriting
decide
price
usingtrade orbookbindingmethods
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price
Set
pricedhit sharestimed in Pri mht exchangedinSec mkt
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Underpinning Cutdaydaring
price sav
pricey
satprice leavingmoneyonthetable
Why InfoAsymmetryon The
winner'scame
MktFeedback Hypothesis
MktBandwagon CascadeHypothesis
IN Banker
Monoprony
Power Cagneyinnes
lawsuitAvoidance dImplicit insurance
signalling as
part
ofalangur
term
strategy
Ownershipdispersionlaguncy
issued
Hoperformancers
good
forfintdayflips
Underperform mkt over 3
year
buyahold
strategy
Why Divergence
ofopinionhypothesis
Impresario hypothesis
Windows
of Opportunity hypothesis
seasonedlequityofferingst
Rights vines generaloffers placements
Needtocomider cart time to ninflement d
potentialtransfers
fromold tonew Nh
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issueprenovesvotingrightstimehadays
XNMNII where iNis
prorateentitlement Sesub
price Xis ex
nights
price M
iscam
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Accelerated
Entitlement
Offer diffoursubject
todiffcandi quick allows
retail
investor
partitifat
DRPs vsmallrightsinne allows
highdiv
payout wless
impacton cashoutflows
