Floating an issue


Also found in: Dictionary.

New Issue

Any offering of stock by a publicly-traded company. If it is the first such offering, it is called an initial public offering (IPO); otherwise, it is called a follow-on offering. A company makes a new issue through underwriters, who have the responsibility to place the offering with individual and institutional investors. Companies make new issues in order to raise financing for expanded operations, or because they have become cash poor and need to finance their current operations. The offerings themselves give investors a portion of ownership in the company issuing them.

Floating an issue.

When a corporation or public agency offers new stocks or bonds to the public, making the offering is called floating an issue.

In the case of stocks, the securities may be an initial public offering (IPO) or additional issues of a company that has already gone public. In that case, they're called secondary offerings.

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References in classic literature ?
Already her feet were over the brink of the rapids, but I pulled and Koos pulled, and we brought her safe into the shadows, and from the shallows to the bank, and there she fell gasping.
The two girls read and were awestruck; Jane opening her mouth and gasping, Gertrude closing hers and looking very serious.
Gray," answered the frame-maker, who was still gasping for breath.
exclaimed the good, simple old woman, gasping for breath.
The Panther lay gasping for breath, his head just out of the water, while the monkeys stood three deep on the red steps, dancing up and down with rage, ready to spring upon him from all sides if he came out to help Baloo.
Amina struck a few chords and then broke into a song, which she sang with so much ardour that she was quite overcome, and sank gasping on a pile of cushions, tearing open her dress as she did so to give herself some air.
He lay gasping upon the floor of the chamber, his great eyes fastened upon me in what seemed a pitiful appeal for protection.
With a gasping shriek the king ape collapsed, clutching futilely for the agile, naked creature nimbly sidestepping from his grasp.
A cry followed; he reeled, staggered, clutched at the table and held on, staring with injected eyes, gasping with open mouth; and as I looked there came, I thought, a change--he seemed to swell-- his face became suddenly black and the features seemed to melt and alter--and the next moment, I had sprung to my feet and leaped back against the wall, my arms raised to shield me from that prodigy, my mind submerged in terror.
I began, gasping for breath and regardless of logical connection in my words.
I have seen old men look half their age, and young men look double theirs; but never before or since have I seen a beardless boy bent into a man of eighty, gasping for every breath, shaken by every gasp, swaying, tottering, and choking, as if about to die upon his feet.
Stroeve stopped, gasping, and I thought he was going to faint.