from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The sale of a new securities issue to the public by way of an underwriter, a transaction that must be registered with the Securities and Exchange Commission.
Sorry, no etymologies found.
Prada, which has failed several times over the last decade to list its shares, started to launch bookbuilding for institutional investors Monday and to launch Hong Kong public offering on June 14, the deal's term sheet said.
Last week, the initial public offering of Pandora—the Internet radio service that recommends music based on a listener's tastes—put the company's colossal impact in the headlines: Its technology had set new standard by connecting 90 million registered users to music they barely even know they wanted.
*** Business & Finance Prada raised US$2.14 billion in its initial public offering in Hong Kong, by pricing its shares at the bottom of its guidance, in a reflection of deteriorating stock-market conditions and concerns about the Italian luxury retailer's valuation and a potential tax charge.
This week, investors will be asked to take a chance on Shanghai-based Taomee Holdings Ltd., a children's entertainment and media company that is trying to raise $79 million through an initial public offering on the New York Stock Exchange under the symbol TAOM.
Omaxe Ltd, the New Delhi-based realtor, is weighing diluting promoter shareholding through a mix of follow-on public offering FPO and placement to raise Rs450 crore.
BEIJING—Battery and car maker BYD Co. said Sunday it has set the price of its Shenzhen initial public offering at 18 yuan a share, in a sale that aims to raise as much as 1.42 billion yuan $219 million.