INITIAL PUBLIC OFFERING OF SHARES AS A MECHANISM FOR FINANCING THE COMPANY

Daniel Yordanov
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Daniel Yordanov: UNIVERSITY OF NATIONAL ANG WORLD ECONOMY, SOFIA

Economics and Management, 2013, vol. 9, issue 4, 70-79

Abstract: The alternative for business owners who do not have the necessary financial resources and have fallen into the trap of excessive leverage (significant interest expense) and falling sales, or attracting equity firm, or implementation of an initial public offering IPO. IPO - initial public offering, or IPO, as the Bulgarian legislator has translated it represents the initial sale of shares of individual and institutional investors with the main purpose to raise money for a company. The term is used only for the first case of placement of shares; any subsequent sale is called SPO (Secondary Public Offering), or secondary public offering.

Keywords: IPO; capital markets; finance; stocks (search for similar items in EconPapers)
Date: 2013
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