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What is an Initial Public Offering (IPO)?

April 26, 2017initial IPO offering public

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What is an Initial Public Offering (IPO)?

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An IPO refers to the issue or sale of shares by a company seeking for listing as a publicly quoted company on the floor of the Nigerian Stock Exchange to the investing public for the first time in its corporate existence. The company appoints one or more investment banks (acting as the issuing house(s) to coordinating the IPO in concert with other professional parties such as stockbrokers, registrars, trustees e.t.c.

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When an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public is called IPO’s. This paves way for listing and trading of the issuer’s securities.