public offering (redirected from Public Offerings)
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by a publicly-traded company
. A company makes a public offering through underwriters
, who have the responsibility to place the offering with individual and institutional investors
. Companies make public offerings in order to raise financing for expanded operations; the offerings themselves give investors a portion of ownership
in the company issuing them. The first public offering of a company is called an initial public offering
, and marks the point when a company ceases to be privately held and becomes publicly traded.
The sale of an issue of securities to the public, an activity that usually occurs with the assistance of an investment banker that purchases the securities from the issuer and then resells them to the public. Also called distribution, offering.
(1) Offering of new securities to the investing public after registration with the Securities and Exchange Commission. (2) A sealed-bid auction where oil sands rights are sold to the highest bidder. (3) A requirement by some governments, educational institutions, and others that property declared as surplus must be offered to the public for purchase before being sold in a private sale.Also called a primary distribution.