public offering

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.

Example Sentences

The nonbanking financial services firm raised $1.75 billion in what has been India’s largest initial public offering so far this year.

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The company, which recently raised $1.3 billion by selling a 15% stake in its Indian unit, LG Electronics India, in an initial public offering, said it expects the proceeds to provide significant funding to accelerate business structure improvements and growth initiatives.

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But lately we’ve seen an initial public offering for Fermi, a company that plans to develop power for data centers in Texas; for Via Transportation, which uses AI to create transportation solutions; and for WhiteFiber, a designer of AI data centers and other infrastructure.

Read more on Barron's

Shares have gained more than 450% since the company’s initial public offering in 2016.

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British digital bank Shawbrook is planning an initial public offering in London, offering a boost to the U.K. bourse and giving backers BC Partners and Pollen Street Capital a chance to sell some of their interests.

Read more on The Wall Street Journal