Equity Markets

Discuss the role of the various stock exchanges in the equity market and determine if they are used for initial public offerings.

What is an initial public offering (IPO) and why would a company follow this course? How do companies determine when they will go public?

An IPO can be used to buy out a venture capitalist. How does this work, and what role could a venture capitalist play in the growth of the company?

Explain the use of a prospectus developed before an IPO. Why does a firm do a road show before its IPO? What factors influence the offer price of stock at the time of the IPO?