Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 15.3, Problem 15.3ACQ
Summary Introduction

To determine: The reason for considering the initial public offering as a cash offer.

Introduction:

The private companies offer their stock for the first time to the public and this offering is termed as the initial public offerings. These offerings initiate their will to become a publicly traded company.

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When does the initial public offering occur?
Is an initial public offering an example of a primary or a secondary market transaction?Explain.
An initial public offering refers to:
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