Examlex
Five months after the fraud at WorldCom was exposed,new CEO Michael Cappellas delivered a pep talk on the company's future while the senior management team led the audience in a rousing rendition of what song?
Rights Offering
An option for existing shareholders to buy additional shares directly from the company at a pre-determined price, usually at a discount, as a way to raise capital.
Value of a Right
The theoretical value of a subscription right, which allows existing shareholders to purchase additional shares at a discount before the new shares are offered to the public.
Initial Public Offering (IPO)
The first sale of a company's stock to the public, transitioning the company from private to public to raise equity capital.
Rights Offering
A financial mechanism allowing current shareholders to purchase additional shares directly from the company at a specified price before the shares are offered to the public.
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