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initial public offering

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initial public offering

Primary issue of a private company's ordinary shares to the public. This happens when a company wishes to list on a stock exchange or to raise capital. The issue of shares is generally managed by a financial institution, such as a merchant bank, which acts as an underwriter, organizing and promoting the issue and agreeing to purchase any unplaced shares.



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The company's initial public offering will help finance its projected growth program, increase its production and from 900 million tons to 1650 million tons by 2013 and thus conquer new market shares in Tunisia and abroad.
The shares were priced at $39 each, and the initial public offering raised $2.
The company will offer 80,000 shares to the public in its initial public offering.
 
 
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