ACTSC371 Chapter Notes - Chapter 3: U.S. Securities And Exchange Commission, Market Maker, Realplayer
5 Oct 2018
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Reminder: copies of these notes are provided as a courtesy only. As mentioned in class, they are not a substitute for students attending lectures and preparing their own notes. Material covered in the lecture will often exceed the material in the typed notes. Students who miss a lecture are encouraged to get copies of handwritten notes from students who did attend the lecture. When a corporation needs to raise money, its basic choice is to borrow or issue equity. It can do both privately (bank loans, private debt or equity placements) and publicly. Any new public debt or equity issue begins with the corporation approaching an underwriter, usually an investment bank. A primary offering is an offering of new securities by a corporation and the corporation will receive the cash proceeds after paying the underwriting, legal and accounting fees. Price of securities announced to the public. Roadshow senior management meet with potential investors; q and a.
