Unit 11 Going public
Date: 2015-10-07; view: 560.
| Initial public offering (IPO) | An occasion when a company offers shares on a stock market for the first time |
| capital | 1. money or property used tom produce wealth . 2. money from shareholders and lenders that can be invested in assets in order to produce profits |
| Raise capital | To obtain, attract capital |
| Stock market | A highly organized market facilitating the purchase and sale of securities and operated by professional stockbrokers and market makers according to fixed rules |
| Limited (of a business enterprise) | Owned by shareholders whose liability for the enterprise's debts is restricted |
| Public limited company (plc) | A limited company whose shares may be purchased by the public and traded freely on the open market and whose share capital is not less than a statutory minimum |
| Private company | A limited company that does not issue shares for public subscription and whose owners do not enjoy an unrestricted right to transfer their shareholdings |
| Go public | (of a private company) to issue shares for subscription by the public |
| Securities Exchange Commission (SEC) | The US agency responsible for stock market regulation |
| Investment bank | financial intermediaries who perform a variety of services, including aiding in the sale of securities, facilitating mergers and other corporate reorganizations, acting as brokers to both individual and institutional clients, and trading for their own accounts. |
| underwrite | To undertake to purchase at an agreed price any unsold portion of (a public issue of shares, etc.) |
| Cash in | To profit (from), to take advantage (of) |
| Stock option | An option in which the underlier is the common stock of a corporation, giving the holder the right to buy or sell its stock, at a specified price, by a specific date. also called equity option. |
| Daring | Bold or adventurous, reckless |
| Wall Street | 1. the New York Stock Exchange, situated in Wall Street in Manhattan; 2. American financial institutions and investors in general |
| cartel | A group of companies who agree to set the price of something they produce at a fixed level in order to limit competition and increase their own profits |
| Drop dead | Mind its own business |
| At a discount | Offering or selling at reduced prices |
| commission | 1. an amount of money paid to someone according to the value of goods, shares, bonds, etc. they have sold. 2. an official organisation that ensures that the law is obeyed in a particular activity |
| Racket (US shakedown) | A way of obtaining money by fraud or deception |
| auction | A public or online meeting where things are sold to the person who offers the most money |
| Market price | The prevailing price, as determined by supply and demand, at which goods, services, etc., may be bought or sold |
| Put up with | To endure; tolerate |
| brokerage | 1. A company or organisation that buys or sells securities, currencies, property, insurance, etc. for others. 2. the work done by a brokerage |
| monopoly | A situation where a business activity is controlled by only one company or by the government and other companies do not compete with it. |
| equity | 1. The capital that a company has from shares rather than from loans. 2. (plural) the shares of a company listed on the Stock Exchange |
| issue | To make securities such as bonds and shares available for people to buy |
| Pension fund | A fund set up by a company, union, or other organisation to invest the pension contributions of members and employees, and pay out pensions to those people when they reach retirement age. Pension funds accumulate pools of capital, which they invest in the stock and bond markets. |
| Cut in on | To break in or interrupt |
| analyst | A specialist in a particular market or industry who gives advice and provides forecasts for that sector. |
| hype | Promote something with exaggerated claims |
| Under the guise of | pretending |
| bypass | To go around or avoid (a city, obstruction, problem, etc.) |
| collusive | secretly cooperating or involving secret cooperation in order to do something illegal or underhanded |
| Leap of faith | A belief or trust in something intangible or incapable of being proved |
| brawn | Physical strength, esp. as opposed to intelligence |
| trump | To outdo or surpass |
| supplant | To take the place of , often by trickery or force |
| forefront | The extreme front; the position of most prominence, responsibility, or action |
| Outflank | To go around the flank of (an opposing army) |
| Status quo | The situation as it is |
| In full swing | At the height of activity |
| Road show | Any occasion when an organisation attracts publicity while touring or visiting |
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