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(Solved): 7. Non-IPO fundraisingApart from listing shares on stock markets and engaging in initial public offe ...
7. Non-IPO fundraising
Apart from listing shares on stock markets and engaging in initial public offerings (IPOs), companies often resort to alternative methods of raising capital.
In June 2010, WSFS Financial Corporation, a $3.8 billion financial service company, filed Form S-3 under SEC Rule 415 and announced that the company will be raising $150 million over a three-year period and using these funds for working capital and general corporate purposes.
This is an example of a
private placement.
seasoned equity offering.
shelf registration.
A firm decides to raise capital and has made a preliminary decision to sell a block of securities to the entity that makes the highest offer. This procedure is referred to as a .