Examlex
The Republic of Ghana has rich natural resources and exports gold, timber, and cocoa.
Standby Underwriting
A financing arrangement in which an underwriter agrees to buy any unsold shares after a public offering.
Underpriced IPO
An initial public offering priced below its market value, often leading to immediate gains for initial investors.
Leaves Money On The Table
A term used when an initial public offering (IPO) is priced lower than what the market is willing to pay, resulting in potential earnings not captured by the issuer.
Prospectus
An official legal document that companies must provide to investors, detailing information about an investment offering for sale to the public.
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