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ECON 2560 (71)
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ECON 2560 CH 15, 16.docx

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Department
Economics
Course
ECON 2560
Professor
Nancy Bower
Semester
Winter

Description
CH 15 VENTURE CAPITAL, IPOs & SEASONED OFFERINGS Initial Public Offering (IPO) is called a primary offer when new shares are sold to raise additional cash for the company. It is a secondary offer when the company’s founders and the venture capitalist cash in on some of their gains by selling share. The value of the founders’ shares: = Total value of the company – Value of the shares that have been sold to public A bank wants to rebuild its capital by raising $12.2 billion. If you are a shareholder of the bank, you have the right to buy 11 additional shares for every 18 shares that you initially owned. $2 a share. Before the issue, the bank had approx. 10 billion shares outstanding, which were priced $3.725 each.
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