Examlex
Which of the following best describes the "right of rescission"?
IPO
Initial Public Offering, the process by which a private company offers shares to the public for the first time.
Private Placement
An offering of securities not made through the public market, but rather directly to a select group of investors or institutions.
Firm Commitment Basis
An underwriting method where an underwriter agrees to buy all securities offered by the issuer and assumes full risk of selling them to investors.
Rights Offering
A strategy by which companies raise additional capital, by giving existing shareholders the right to purchase additional shares at a predetermined price, usually at a discount.
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