BUS 315 Lecture Notes - Umber, If And Only If, Romo
16 Mar 2013
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Document Summary
T pes of markets and orders: securities markets, trading costs, margin trading, regulation of securities markets. S lsales: primary, new issue, new issue, key factor: issuer receives the proceeds from the sale the sale, secondary, existing owner sells to another party. Existing owner sells to another party: issuing firm doesn"t receive proceeds and is not directly involved directly involved. Competitive bid: negotiated: issuing firm negotiates terms with ego a es e ego a ed ssu g investment banker s, competitive bid: issuer structures the offering g p and secures bids. Figure 3 1relationship between a firm issuing securities the underwriters and the public. Figure 3. 1relationship between a firm issuing securities, the underwriters, and the public. Public offerings: public offerings: registered with the osc (ontario sec in usa) and sale is made to the investing public, red herring, prospectus, short form prospectus, initial public offerings (ipos, evidence of underpricing, performance.
