What is a Secondary or Follow-On Offering?
A Secondary or Follow-on Offering is when an already public company sells additional shares.
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Offering
An Offering refers to any new issue product in which the offering will be made available in the public markets.
Initial Public Offering (IPO)
When a company issues shares to the public for the first time. Known as "going public".
Conditional Offer to Buy (COB)
A "COB" is an offer to purchase offering shares under certain conditions, one of which incudes a final prie that could be greater than or less than the stated price range.
Lead Underwriter
This is the Underwriter that leads an offering, located in the upper left hand side of the prospectus.
What is an IPO?
An Initial Public Offering (IPO) is the first time that the stock of a private company is offered to the public.