FIN 3826 Chapter : Chapter 5 PP
Document Summary
Our goal in this chapter is to get a. Big picture overview of who owns stocks, how a stock exchange works, and how to read and understand the stock market information reported in the financial press. The market in which new securities are originally sold to investors. The market in which previously issued securities trade among investors. An initial public offer occurs when a company offers stock for sale to the public for the first time. a l e r s o. 5 - 6 w upon obtaining sec approval, company finalizes prospectus. Underwriters place announcements (tombstones) in newspapers and begin selling shares. The difference between the prices is called the spread. The new york stock exchange w the new york stock exchange (nyse), popularly known as the big board, celebrated its bicentennial in 1992. w it has occupied its current building on wall.
