Creado por beth auerbach
hace alrededor de 10 años
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Pregunta | Respuesta |
AIM ALTERNATIVE INVESTMENT MARKET LTF | SECONDARY MARKET MORE LOOSELY RELUGATED |
EXAMPLE OF INTERMEDIARIES IN CAPITAL MARKET LTF | BANKS BUILDING SOCIETIES INSURANCE COMPANIES STOCK EXCHANGES VENTURE CAP ORG PENSION FUNDS |
Role of Advisers in Capital Markets When raising finance on the capital markets LTF |
adopted from the London Stock Exchange Web Site
Image:
LTF (image/jpg)
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I.P.O. SPONSOR LTF | Coordinated the IPO and Advises the board Investment Bank/Lg Accountancy firm Coordinate drafting of prospectus Project Manages the offer |
I.P.O BOOKRUNNER LTF | Underwriter Lg Investment Bank Raises Capital Determine Appropriate Offer Price |
I.P.O REPORTING ACCOUNTANT LFT | *Review and Report on the Co's Readiness for the IPO Reports on: *Financial Rept Procedures *Financial Records *Working Capital Other Info |
IPO LAWYER LTF | *Make sure that all laws are followed during and after IPO *Governed by EU Law |
ADVANTAGE OF NEW STOCK MARKET LISTING LTF | *ACCESS TO WIDER POOL OF FINANCE *IMPROVED MARKETABILITY OF SHARES *ENHANCED PUBLIC IMAGES *ORIGINAL HOLDERS CAN REALIZE HOLDING *EASIER TO SEEK GROWTH BY ACQUISITION *ORIGINAL OWNERS SELLING HOLDINGS TO FINANCE OTHER PROJECTS |
DISADVANTAGE OF A NEW STOCK MARKET LISTING LTF | *Greater Public Regulation Accountability & Scrutiny *More shareholders with exacting standards More Costs - Underwriting Fees & Brokerage commissions |
3 Methods for an unquoted company to obtain a listing on the stock market LTF | *IPO *PLACING *INTRODUCTION |
Define Placing ( Stock IPO) lTF | *Most of shares offered to a small number of investors *Example - Pension Funds & Insurance Companies |
ADVANTAGES/ DISADVANTAGES of a Placing instead of an IPO LTF | *CHEAPER *QUICKER *INVOLVES LESS DISCLOSURE OF INFO DISADVANTAGES: *Shares may be unavailable for trading *Institutional Shareholders may have control of comapny |
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