Dictionary
public offering
when a company raises money by selling new shares to the public
The state will decrease its ownership in the state-owned company by making a public offering of shares on the stock exchange.
Phrase Bank
- The company had raised cash through a public offering.
- Integ Corp, has filed with the Securities & Exchange Commission for a public offering.
- to apply for a public offering
Additional Notes
- Following the financial scandals associated with the 1929 stock market crash, the US Congress passed the 1933 Securities Act, which regulated the issuance of securities. The Securities and Exchange Commission (SEC) was formed with authority to enforce the act. Generally, the Securities Act was intended to protect investors from dishonest or fraudulent public offerings of securities. In the US, all public offerings of securities in more than a single state must be registered in advance with the SEC.