public offering

American  

noun

1. a sale of a new issue of securities to the general public through a managing underwriter (private placement ): required to be registered with the Securities and Exchange Commission.

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Example Sentences

Bill Ackman filed for a dual initial public offering of his management company, Pershing Square Inc., and the Pershing Square USA fund on the NYSE.

From Barron's

Bill Ackman has filed for a dual initial public offering of his management company and an investment fund on the New York Stock Exchange.

From Barron's

A closed-end fund sells a fixed number of shares in a public offering and investors can exit only by selling shares on the open market, regardless of the value of the fund’s investments.

From Barron's

Investors will be looking to OpenAI’s planned initial public offering later this year to relieve concerns about Oracle’s finances.

From Barron's

Pershing Square USA, a closed-end investment company managed by Pershing Square Capital Management, on Tuesday filed for an initial public offering with the Securities and Exchange Commission.

From The Wall Street Journal