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2019 IPO Market: Better Than the Headlines

The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork’s kamikaze IPO attempt in September. But beyond these headline-grabbing disappointments, the IPO market had a mostly good year. Returns averaged 20%, with  159  IPOs  raising  $46  billion  in  proceeds. Biotechs  remained  the  single  most ...

PRIVATE FINANCING

SHARES OF STOCK ISSUES:I. GENERAL RULES AND CLASSIC FINANCING METHODSAn entrepreneur or a company is looking to raise capital to undertake a project.When Greenberg, Hornblower, Deschenaux & Partners helps to incorporate, restructure, or protect a company, it transforms it into a “Reporting Issuer”, “Issuing Company” or “Issuer”, that is to...

IS YOUR COMPANY READY FOR AN I.P.O. INITIAL PUBLIC OFFERING?

This question is always a topic of discussion among the various actors of and around the company, from the entrepreneur to the investment bankers, going through lawyers, auditors, accountants etc…Many of these actors, basing their argument on the listing requirements, believe and will want the entrepreneur to believe the issuing...

HOW & WHY AN INITIAL PUBLIC OFFERING MAKES MONEY

Many entrepreneurs do not understand the reasons why the Initial Public Offering of a share of common stock (also known as “IPO “) makes money? The value creation of an IPO arises mainly from the difference of valuations between the private and public markets. The Private Market values the Assets....

THE ROADSHOW

The Roadshow is a presentation organized by an issuer of securities and the syndicate of brokers and investment banks underwriting an issue of securities, aiming at presenting to investors an opportunity of investment. It usually takes place in an hotel, a convention center, a bank or a prestigious place under various circumstances...

INITIAL PUBLIC OFFERING (IPO)

I. PUBLIC OFFERINGS AND FLOATATIONS“Floatation” is a generic term that includes a significant number of complex procedures, which result in the securities of a company being offering on the public capital markets. The main strength of Greenberg, Hornblower, Deschenaux & Partners is to undertake this process of floatation for individual...

WAYS OF GOING PUBLIC TO THE STOCK MARKET

Comparison with WaterHave you played with a waterspout in the garden when you were a kid ? If so, then you surely put your thumb on the waterspout and felt pressure increase under your finger. Upon release, the water went out at once and reached a much higher height than...

INITIAL PUBLIC OFFERING – I.P.O. – IPO

The Initial Public Offering DefinitionThe Initial Public Offering is the event defined as the first time that the shares of stock of a stock issuing private company called the “Issuer”, are offered for sale to the public. The proceeds of the sale of the Issuer’s stock raise a large equity...