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Embed code for: How Does A Company " Go Public" On The Stock Exchange? by: Ileana Isaacs prd 3
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How Does A Company " Go Public" On The Stock Exchange? by: Ileana Isaacs prd 3
The New York Stock Exchange
New York Stock Exchange today lists nearly 2,700 securities and trades about 1.5 billion shares a day. Many of the member companies are among the largest in the United States.
All together, New York Stock Exchange companies represent over three-quarters of the total market capitalization in the nation. Trading occurs on the floor of the exchange with specialists and floor traders running the show.
Specialists are the workers who are responsible for matching buyers to sellers. The specialists’ role is to be certain that the stocks for which they’re responsible are traded in a fair, competitive, orderly, and efficient market, ensuring that all customers have an equal opportunity to buy shares while receiving the best prices.
The guys you see on the floor of the stock exchange waving their hands wildly to make trades are the floor traders. They’re actually members of the NYSE who trade exclusively for their own accounts. Floor traders also can act as floor brokers for others and sell their services.
What is an IPO?
An initial public offering (IPO) is the first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded.
In an IPO, the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), the best offering price and the time to bring it to market.
Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA was invented by Charles Dowback in 1896.
Dow Jones Industrial Average was designed to serve as a proxy for the broader U.S. economy. When the index launched, it included just 12 companies that were almost purely industrial in nature. The first components operated in railroads, cotton, gas, sugar, tobacco and oil. General Electric is the only one of the original Dow components that is still a part of the index in 2016.
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