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Accounting
Banking

Allocation

The number of shares that the underwriter in an initial public offer (IPO) decides to offer to the public in...

APO

An abbreviation for alternative public offering; any of the alternative methods for companies looking to become public without an underwriter. ...

Underwriter Discount

The fee that an underwriter earns from underwriting a security (e.g., equity offering). The underwriter discount is the difference between...

Gross Spread

The fee that an underwriter earns from underwriting a security (e.g., equity offering). The gross spread is the difference between...

Clean Shell

A shell company that has no liabilities or other claims against it as perceived by an operating business contemplating merging...

Cooling-Off Period

A period of time between the filing of a preliminary prospectus (registration statement) with the Securities and Exchange Commission (SEC)...

Cold Initial Public Offering

An initial public offering (IPO) that is introduced in an unfavorable environment- i.e., in a cold market. A cold market,...

Cold IPO

An initial public offering (IPO) that is introduced in an unfavorable environment- i.e., in a cold market. A cold market,...

Co-Underwriter

A secondary underwriter that is involved, along with other underwriters, in an initial public offering (IPO). An issuer may hire...

Prospectus Supplement

For an offering, it is a document that is delivered, along with a base prospectus (core prospectus), to investors, in...