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

Shelf registration

Seasoned equity offering

A firm decides to raise capital and has made a preliminary decision to sell a block of securities to the entity that makes the highest offer. This procedure is referred to as a