FIN 501 Study Guide - Ontario Securities Commission, Initial Public Offering, Bid Price

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Primary market: the market in which new securities are originally sold to investors. Secondary market: the market in which previously issued securities trade among investors. Initial public offerings (ipos): an initial public offering occurs when a company offers stock for sale to the public for the first time. Investment banking firm: a firm specializing in arranging financing for companies. Fixed commitment: underwriting arrangement in which the investment banker guarantees the firm a fixed amount for its securities. Best effort: arrangement in which the investment banker does not guarantee the firm a fixed amount for its securities. Some restrictions are imposed on you as part of the underwriting contract, such as not being able to sell personal stockholdings for six months after the underwriting. Ontario securities commission (osc): he provincial regulatory agency charged with regulating toronto stock. Prospectus: document prepared as part of the security offering detailing a company"s financial position, its operations, and investment plans for the future.

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