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flotation

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flotation

Launching a company on the stock market. A company may be floated in a number of ways, including a public placing in which shares are placed with institutional investors such as pension funs, or a public offer for sale when shares are offered for sale to the public. Once the flotation is complete the shares can be traded on the open market. Raising capital and rewarding early stage investors are two common reasons for floating a company.



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But I can also make the Nautilus rise and sink, and sink and rise, by a vertical movement by means of two inclined planes fastened to its sides, opposite the centre of flotation, planes that move in every direction, and that are worked by powerful levers from the interior.
The illustration of the swimbladder in fishes is a good one, because it shows us clearly the highly important fact that an organ originally constructed for one purpose, namely flotation, may be converted into one for a wholly different purpose, namely respiration.
 
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