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...
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. Thus, a...
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...
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...
As discussed in my previous article “Is your company ready for an I.P.O. Initial Public Offering?”, the main barriers preventing an IPO to happen for a company which is ready, willing and able to pursue it are the following:The preparation cost of an IPO is prohibitive.There is no guarantee that...
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...
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...
IPO Allotment is a process where the “registrar to the offer” with the help of a lottery system finalize the process of allocating the IPO shares to the individual who have applied for IPO subscription. It a simple process of lottery where the owners of the shares are decided.IPO allotment...
