The process through which a company applies to a stock exchange to have its securities traded on that exchange.
Flotation refers to the process of launching a public company for the first time by inviting the public to subscribe for its shares. This process is also known as 'going public'.
A listed security refers to a financial instrument that is traded on a recognized stock exchange, meeting specific criteria and adhering to stringent regulatory requirements, thereby providing transparency, liquidity, and marketability.
An invitation to the general public to purchase the stock of a company through an intermediary, such as an issuing house or merchant bank. It is one of the most frequently used means of corporate flotation.
A Pathfinder Prospectus is an outline document designed to test market reaction to the initial public offering (IPO) or flotation of a new company.
A Reverse Takeover (RTO) involves a private company purchasing control of a publicly-traded company, often as a cost-effective means to obtain a stock exchange listing.
A sponsor in financial markets plays a crucial role in the flotation of a company, acting as a guiding entity through the complex process of going public. They supervise the preparation of the prospectus and ensure the company comprehends the benefits and obligations associated with public listing.
