How Does an IPO Work?
IPO stands for initial public offering; in the United States the company must open its books by law.
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1.What is an IPO?
IPO stands for initial public offering; in the United States the company must open its books by law.
2.Does the regulator approve the shares?
One 2012 prospectus cover says so; the review checks that the story is told in full and the company may not sell shares until the registration is effective.
3.Who sets the price of one share?
The final price follows the interest in the book; nobody can promise where it lands.
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Sources (5)
- U.S. Securities and Exchange Commission: Going Public (Seite
- Mayer Brown: Initial Public Offerings, An Issuer's Guide (US Edition), November 2017
- Endprospektus (Rule 424(b)(4)) eines US-Boersengangs vom 17.02.2012, SEC EDGAR, CIK 1313275
- Gelderblom, O., Jonker, J.: Completing a Financial Revolution: The Finance of the Dutch East India Trade and the Rise of the Amsterdam Capital Market, 1595-1612, The Journal of Economic History 64(3), 2004, S. 641-672
- Eigene Rechnung: Boersengang
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