An issue of shares by a company where investors are invited to subscribe for the shares directly with the company. A method of issuing shares when obtaining a listing for the first time on the Stock Exchange. Dresdner Kleinwort Wasserstein financial glossary
See also offer for sale, intermediaries offer, placing and introduction. Dresdner Kleinwort Wasserstein financial glossary
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A method of bringing a company to the market. The public can apply for shares directly at a fixed price. London Stock Exchange Glossary
Financial and business terms. 2012.