A Best Effort Arrangement is a method used by investment bankers, acting as agents, to sell a new issue to the public without actually buying the securities outright. These bankers have the option to buy the securities, but their primary responsibility is to use their best efforts to sell the issue on behalf of the issuer.
Closed-End Funds are investment funds with a fixed amount of capital managed by an investment company, as opposed to open-ended funds like unit trusts that continually issue and redeem shares.
A listed company is one that has a formal listing agreement with a major stock exchange, ensuring that its shares are publicly quoted and traded on that exchange. In the UK, these companies were once referred to as quoted companies.
The London Stock Exchange (LSE) is the primary stock exchange in the United Kingdom, offering equity, derivative, and information services. It has a rich history dating back to the seventeenth century and has undergone significant reforms to become one of the world's leading exchanges.
A Pathfinder Prospectus is an outline document designed to test market reaction to the initial public offering (IPO) or flotation of a new company.
A publicly held corporation is a type of business entity whose shares of common stock are offered to the general public and traded on a national stock exchange.
The Wilshire 5000 is a stock index tracking 5,000 common stocks and is considered one of the most broadly based barometers of American stock performance.
