Series 82: 1.1.1.1. Types Of Public Securities Offerings

1.1.1.1.  Types of Public Securities Offerings

If a company is issuing equity securities to the public and has never issued shares before, the first offering of shares is called an initial public offering (IPO). When an issuing company that has already had an IPO offers additional shares to the public, it is called a subsequent or follow-on offering. A follow-on may be offered by a seasoned company that is funding new growth or a struggling company strapped for cash. When new shares