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: O Shelf registration O Seasoned equity offering O Private placement competitive bid negotiated deal A firm decides to raise capital reliminary decision to sell a block of securities to the entity that makes the highest offer. This procedure is referred to as a