public offering


Also found in: Dictionary, Legal, Wikipedia.
Related to public offering: Secondary Public Offering

Public offering

Used in the context of general equities. Offering to the investment public, after compliance with registration requirements of the SEC, usually by an investment banker or a syndicate made up of several investment bankers, at a price agreed upon between the issuer and the investment bankers. Antithesis of private placement. See: Primary distribution and secondary distribution.

Public Offering

An issue of stock 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.

public offering

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.

public 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.

References in periodicals archive ?
Concurrently, with the closure of the public offering Safehold will sell in a private placement, 6,000,000 shares of common stock at the public offering price to iStar Inc (NYSE:STAR).
The SEC, when asked for its opinion, told ERC that public offering under the Securities Regulation Code (SRC) does not necessarily require listing and selling in the Philippine Stock Exchange (PSE) or any stock exchange for that matter, since listing is just one form of public offering.
The following modes are considered as public offering: publication in any newspaper, magazine or printed reading material which is distributed within the Philippines presentation in any public or commercial place advertisement or announcement on radio, television, telephone, electronic communications, information communication technology or any other forms of communications and distribution and/or making available flyers, brochures or any offering material in a public or commercial place or to prospective purchasers through the portal system, information communication technology and other means of information distribution.
Under the public offering, the company issued 8,000,000 common stock at a price of USD0.75 per share for aggregate gross proceeds of approximately USD6.0m, before deducting the underwriting discounts, commissions and offering expenses.
On May 3, 2019, the underwriters had exercised, in full, their option to purchase additional shares of the company's common stock at the public offering price less the underwriting discount.
The gross proceeds from the underwritten public offering and the concurrent registered direct offering, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Pluristem, are expected to be $20 million.
The upsized underwritten public offering are of an aggregate of 6,500,000 common units representing limited partner interests in the Partnership by NBL Midstream LLC, a subsidiary of Noble Energy Inc.
In order to promote ease of doing business and streamline the entire public offering process, the numbers of regulations have been reduced to two.
Public offering of securities normally known as the primary market is an important segment of the capital market, said a press statement issued by the commission.
Turkey's Capital Markets Board is planning to amend the relevant regulation to facilitate the process of public offering. The amendment is expected to be finalized soon.
The company has agreed to sell up to an additional 1.5 million shares of common stock at the same public offering price per share if the underwriters exercise their over-allotment option to purchase additional shares of common stock from the company by July 29, 2006.
* The cross-border income fund permits owners to take up to 90 percent of the aggregate holdings on the initial public offering.