7. Non-IPO fundraising

Apart from listing shares on stock markets and engaging in initial public offerings (IPOs), companies often resort to alternative methods of raising capital.

Consider the following case, and answer the question that follows:

In June 2010, WSFS Financial Corporation filed Form S-3 under SEC Rule 415 and announced that the company will be raising $150 million over a three-year period and using these funds for working capital and general corporate purposes.

The previous case is an example of:

Private placement

Seasoned equity offering

Shelf registration

The process through which illiquid assets or a group of assets are pooled together and standardized so that they can be traded among buyers and sellers is called ? .

a. securitization b. private placement