INITIAL PUBLIC
OFFERING
- An Initial Public Offering (“IPO”) refers to the initial offer of common or preferred shares to raise capital and/or provide an exit mechanism to existing shareholders
- Listing of shares on a stock exchange to provide a platform for secondary trading
FOLLOW-ON
OFFERING
- A Follow-on Offering (FOO”) allows listed companies to raise additional capital by conducting subsequent offers of additional shares to the public.
STOCK RIGHTS
OFFERING
- A stock rights offering is a fund-raising exercise conducted by listed companies to existing shareholders.
- Existing shareholders are entitled to subscribe to a proportional number of additional shares at a given price.
REAL ESTATE INVESTMENT
TRUST (REIT)
- A REIT IPO is the initial offering of a stock corporation established principally for the purpose of owning income-generating real estate assets
- Establishing REITs allows property owners to enjoy several tax benefits
- REITs provide stable dividend flows to shareholders as it owns real estate assets which generate regular cash flows
PRIVATE
PLACEMENT
- A sale of shares by companies to a limited number of qualified institutional buyers to raise capital