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Banking

Unclean Shell Corporation

A general term that may refer to either a dirty shell corporation or a messy shell corporation. Broadly speaking, unclean…

Underwriter Discount

The underwriter's profit or compensation in an initial public offering (IPO). It is equal to the difference between the offering...

Unseasoned Equity Issue

An equity issue by a firm that doesn’t have common stock outstanding (i.e., that is not listed). Differently stated, it…

Unseasoned Equity Offering

An equity issue by a firm that doesn’t have common stock outstanding (i.e., that is not listed). Differently stated, it…

Unaccredited Investor

An investor that doesn’t have a minimum net worth of $1 million (excluding primary residence equity) either independently or jointly…

Unclean Shell Company

A general term that may refer to either a dirty shell company or a messy shell company. Broadly speaking, unclean…

Foreign Shell Corporation

A shell corporation that conducts business transactions such as currency and asset transfers across the borders of its country of…

Allotment

The amount of initial public offering (IPO) securities that is allocated to each underwriter (if two underwriters or more are…

Cash-and-Carry Shell Corporation

A shell corporation that is offered for sale in return for cash. Usually, this is the case when the owners…

Piggyback Registration

A type of securities registration whereby an underwriter allows existing holders of shares in a company to register their shares…