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Angliholic Posted 14 years ago
Grammar

The private placement

The private placement will be strictly limited to 200,000 initial shares.

Hi,
What on earth does the above refer to? Thanks.
  

Top answer

Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors. [1] "Private placement" usually refers to non-public offering of shares in a public company (since, of course, any offering of shares in a private company is and can only be a private offering). (Wikipedia)

— Mister Micawber

  • Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors.
  • [1] "Private placement" usually refers to non-public offering of shares in a public company (since, of course, any offering of shares in a private company is and can only be a private offering).
  • (Wikipedia)
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3 Answers
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Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors.[1] "Private placement" usually refers to non-public offering of shares in a public company (since, of course, any offering of shares in a private company is and can only be a
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Thanks, Mister.
But what is "intial shares?" Without "initial," I can understand the sentence in question perfectly.
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Initial = first. The company's first share offering.
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