IPO's and Capital Raisings
As a PhillipCapital client, you may have the opportunity to access Initial Public Offerings and, depending on your level of experience, other equity capital raisings.
An Initial Public Offering (IPO), is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity in the form of shares. If the company has never issued equity to the public, its known as an IPO. There are many reasons why a company may decide to go public but one of the main opportunities is the access to additional capital for use in the business.
Other Capital Raisings may involve the issue and sale of securities to a small number of investors instead of the general public. Unlike with a public offering, a formal prospectus does not have be provided for a private placement and thus it is often restricted to experienced or sophisticated investors that have a strong understanding of the process and risks involved.