2014年ESL之商务英语 23 Launching an Initial Public Offering
时间：2018-12-03 作者：英语课 分类：2014年ESL之商务英语
Launching an Initial Public Offering
Zoe: What are you looking at?
Midas: It’s the prospectus 1 for Boogle’s IPO. I wish I could get in on the initial public offering, but since I can’t, I’ll buy stock as soon as the company becomes publicly traded.
Zoe: I’m not really familiar with how the stock market works. You mean you’re going to buy shares in Boogle?
Midas: That’s right. An IPO is a way for a privately 2 owned company to become a publicly owned one. The owners of the company do it to raise capital, or sometimes it’s for early investors 3 to cash in.
Zoe: Why can’t you buy stock in the initial public offering?
Midas: A company like Boogle works with an underwriter, like a major investment bank, to help set the share price and to find buyers for the initial offering.
Zoe: Okay, I’m following you so far.
Midas: Well, that first sale of stock is usually done in bulk, and I don’t have a few million dollars lying around to buy that much stock. Luckily for me, those first buyers then turn around and sell that stock in smaller amounts.
Zoe: And that’s when you’ll buy.
Midas: That’s right. You should get in on it, too.
Zoe: You mean buy some Boogle stock?
Midas: Sure, why not?
Zoe: And risk losing my shirt? No, thanks!
Script by Dr. Lucy Tse
- An order form was included with the prospectus.订单附在说明书上。
- The prospectus is the most important instrument of legal document.招股说明书是上市公司信息披露制度最重要法律文件。