INITIAL PUBLIC
OFFERING
- An offering of shares of private companies to the public to raise capital
- Listing of shares on an exchange to allow secondary trading
- May involve primary and/or secondary shares
FOLLOW-ON
OFFERING
- A re-IPO
- Public issuance of shares to investors by companies that are already listed on an exchange to raise additional capital
STOCK RIGHTS
OFFERING
- An offering by listed companies to existing shareholders to buy a proportional number of additional shares at a given price (usually at a discount within a fixed period)
REAL ESTATE INVESTMENT
TRUST (REIT)
- Issued by companies that own and operate income-generating real estate assets
- An alternative source of funding for real estate developers
- Broaden investor base for real estate investments
- An effective way to raise capital from the public without diluting ownership
PRIVATE
PLACEMENT
- A sale of shares by companies to a small number of select investors as a way to raise capital
- May be offered to strategic or financial investors
- An alternative to an IPO for companies seeking to raise capital