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New issue |
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New issueStrictly, the issue by a company of new shares, enlarging its share capital and often the number of shareholders on its register. But new issue is often used to refer to an Initial Public Offering (IPO) - the process in which a company is admitted to the Official List of the LSE (or to AIM) for the first time and issues new shares to the public as part of that exercise. New issues which are also IPOs can be handled in four ways:as an 'offer for sale' direct to the public at large, where the shares are offered at a predetermined price.as a tender offer, where the public are invited to make an offer for the new shares, and allocations are made on the basis of price. as a private placing to institutions, which effectively means that private investors can only get shares in the secondary market.as an 'Introduction' where the company is admitted without issuing any new shares.New issueSecurities that are publicly offered for the first time, whether in an IPO or as an additional issue of stocks or bonds by a company that is already public.New issue Similar MatchesCurrent issueCurrent issueIn Treasury securities, the most recently auctioned issue. Trading is more active in current issues than in off-the-run issues. Benchmark issueBenchmark issueAlso called on-the-run or current-coupon issue or bellwether issues. In the secondary market, the benchmark issue is the most recently auctioned Treasury issues for each maturity. Current coupon issuesCurrent coupon issuesRelated: Benchmark issues Date of issueDate of issueUsed in the context of bonds to refer to the date on which a bond is issued and when interest accrues to the bondholder. Used in the context of stocks to refer to the date trading begins on a new stock issued to the public. Unissued stockUnissued stockA company's authorised stock which has not yet been issued. Further Suggestionsissued share capitalSeasoned issue Oversubscribed issue County Court re issue fee New issues market Pre sold issue Foreign targeted issue Cheapest to deliver issue Issue rights issue Last Mile Issue Original issue discount debt (OID debt) Small issues exemption entitlement issue issue Original Issue Discount securities (OIDS) Overissue Junior issue issuer Secondary issue bonus issue Specific issues market Vanilla issue When issued (WI) scrip issue |
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