ADMS 3530 Lecture Notes - Private Placement, Clean Technology, Instinet
2 May 2013
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Two methods for underwriting: bought deal, cannot back out. Underwriters buy issue at lower price and resell to public. Do not actually buy (acts as middle man) receive % commission on sale. Company failed to comply with terms of listing agreement. Unlisted shares -- no formal exchange trade on the nex board separate from the tsx venture board. Fourth market transactions among large institutions no intermediaries. Instinet (part of 4th market) electronic trading network allows institutions to trade among themselves. It is a market value weighted index e. g. more weight to large highly valued stocks. Calculated total market value of the 300 stocks today and yesterday to find change in. For example : opening index8700 closing index 850,index decrease of 200 points/ % change is more important than absolute change. S&p/tse 60 (largest companies from tsx 300) see text list of companies. It limits the value of very large companies in order that they do not dominate the.
