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Public debt |
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Public debtIssues of debt by governments to compensate for a lack of tax revenues.Public debt Similar MatchesPublic securities offeringPublic securities offeringA securities issue placed with the public through an investment or commercial bank. Public CompanyPublic CompanyA company that has held an initial public offering and whose initial public offeringinitial public offering on a stock exchange or in the over-the-counter market. Public companies are subject to periodic filing and other obligations under the federal securities laws. Public offeringPublic offeringUsed in the context of general equities. Offering to the investment public, after compliance with registration requirements of the SEC, usually by an investment banker or a syndicate made up of several investment bankers, at a price agreed upon between the issuer and the investment bankers. Antithesis of private placement. See: Primary distribution and secondary distribution. Public housing authority bondPublic housing authority bondBonds of local public housing agencies that are secured by the federal government and whose proceeds are used to provide low-rent housing. Going publicGoing publicWhen a company decides to list its shares on a stock market it has to go through an elaborate process before its shares become quoted. The final act of listing is known as a flotation or 'going public'.The company publishes a prospectus describing its business, who its directors are, what its financial position is, and what profits it thinks it is going to make. The information it includes has to conform to strict guidelines so that potential investors are not misled.The prospectus announces the issue of new shares, sets an offer price for the shares, and invites subscriptions. In some cases, a company won't actually set a price for its shares, but will have an 'offer by tender' - effectively an auction in which investors bid for shares.In a flotation a company raises money by issuing new shares in what is known as the 'primary market'. Once the shares are listed, further trading in them occurs in the 'secondary market' - secondary in the sense that it is a second stage market between investors that doesn't involve the company itself. Further SuggestionsForeign public borrowerPublic purpose bond The Public Going public public offering Public Sector Borrowing Requirement Public Securities Administration (PSA) Public procurement Publicly held Certified Public Accountant (CPA) International Stock Exchange of the UK and the Republic of Ireland (ISE) Quasi public corporation initial public offering Public limited partnership electronic public offering Publicly traded assets Nonpublic information go public Financial public relations Public warehouse Public good Public Sector Net Cash Requirement Public offering price Public Utility Holding Company Act of 1935 public limited company (plc) |
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