In this course we have looked at how companies raise equity finance.
We have examined how companies may move from private equity finance, supported by the venture capital companies, to public equity finance through an IPO. We then went on to study seasoned or secondary equity offerings (SEOs) with particular focus on rights issues.
We looked at why companies may choose to list on more than one exchange and at the circumstances that might lead to a company de-listing and reverting to private company status.
We concluded the course by looking at the details of the equities of a number of companies on the London, New York, Frankfurt and Tokyo Stock Exchanges.