Definition

Initial public offering (Ro.: ofertă publică inițială, De.: ~r Börsengang, Fr.: introduction en bourse, n.f./ premier appel public à l’épargne, n.m., Gr.: προσφορά μετοχών στο κοινό για δημόσια εγγραφή, Cz.: proces IPO) (See also: private company, prospectus, public company, stock  exchange market, stockholder) = the process through which privately held companies issue their shares of stock to the public for the first time, and have the securities admitted to trading on a market, becoming companies owned by public stockholders.

Legislation

http://www.legislation.gov.uk/ukpga/2000/8/part/VI - Part 6 of the Financial Services and Markets Act 2000, England and Wales [English]

https://www.sec.gov/about/laws/sa33.pdf - Securities Act Of 1933, U.S. [English]

http://legislatie.just.ro/Public/DetaliiDocument/53193#id_capA2734_ttl – Law 297/2004 regarding the capital market, Romania [Romanian]

http://www.iuscomp.org/gla/statutes/VerkProspG.htm - Law on the Prospectus for Securities Offered for Sale (Wertpapier-Verkaufsprospektgesetz - VerkProspG), Germany [English]

Organisations and associations

https://fshandbook.info/FS/html/FCA – The Financial Conduct Authority Handbook. Listing, Prospectus, and Disclosure Rules, Financial Conduct Authority (UK)

http://www.sec.gov/answers/ipo.htm – Initial Public Offerings (IPO), U.S. Securities and Exchange Commision (USA)

Online Publications

http://www.economist.com/news/business/21601869-chinas-e-commerce-giant-has-just-revealed-details-its-long-awaited-flotation-america-it - 2014, From bazaar to bonanza, economist.com 

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=296393 – Welch, Ivo, Ritter, Jay R., 2002, A Review of IPO Activity, Pricing and Allocations, Social Science Research Network

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2236592 – Fleischer, Victor, Staudt, Nancy C., 2013, The Supercharged IPO, Social Science Research Network

Publications

Davies, Paul Lyndon, Worthington, Sarah, Bartlett Gower, Laurence Cecil, Micheler, Eva, 2008, Gower and Davies: Principles of Modern Company Law, 9th edition, UK, Sweet & Maxwell, Chapters 24 and 25

Gregoriou, Greg N., 2011, Initial Public Offerings (IPO): An International Perspective of IPOs, Oxford, Butterworth-Heinemann

 

By Radu Șomlea