House Prices

Learning About Shares: IPO - just an abbreviation for raising piles of cash

Q. Barbara asks: There's a lot in the news at the moment about companies conducting IPOs. What does it actually mean when a company offers shares for sale in an initial public offering or IPO? Should I be applying for shares in an IPO?

A.Dan Dividend responds: As you've observed, Barbara, IPO is one hot abbreviation at the moment!

Kiwi companies that have re

Sunday, June 06th 2004

cently completed IPOs include Kingfish, Mike Pero Mortgages, Just Water International and Feltex Carpets. Pumpkin Patch's IPO is about to close as we write this article and a handful of other companies also have IPOs open.

An IPO is a company's first-ever sale of shares to the public. In many cases, it's the first time people outside the company have the opportunity to buy its shares. That's why a company is often said to be going public or floating when it conducts an IPO.

Offering shares for sale to the public is just one of several options companies have to raise funds for growth and expansion.

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[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50