Question 1

Critically discuss the advantages and disadvantages of a currently unquoted company obtaining a listing and public quotation on a recognized stock exchange

Question 2.

In US, UK, as well as in other developed countries, the proportion of ordinary shares held by institutional investors/financial intermediaries has been increasing. Hence, the proportion held by private individual investors has reduced. Critically discuss and distinguish the major types of institutional investors who have become increasing important as holders of ordinary shares. Discuss the main reasons for the growth of their importance and the main implications of this increased importance of institutional investors for the operations of the stock Exchange.

Question 3

Critically discuss the main merits and disadvantage to the issuing firm, of having an issue of new capital underwritten. Specify for which of the main methods of equity issue, it may be advisable for the issuing company to have the issues underwritten.

This should be approximately 1,500 words.