Party Haven is a family-owned business that has been operating for the last eight years, supplying its customers with party accessories. Over the last three years the business has experienced phenomenal growth, receiving orders from all over the country. The owners have decided to open new branches countrywide in order to bring convenience to all their customers. Their bankers have advised them to go public in order to raise the required funds.

1.1 Evaluate any FIVE methods that the company can use to go public. (10)

1.2 Explain how new share issues are priced in practice. (10