What happens in a Dutch auction IPO if all the offered shares have not been bid on? (i.e. there is an excess)?
Esteban asks:
For example, if the issuing company is offering 1million public shares, but only 900,000 shares have been bid on, how does the auction proceed? Will those remaining 100,000 shares just be cancelled?
For example, if the issuing company is offering 1million public shares, but only 900,000 shares have been bid on, how does the auction proceed? Will those remaining 100,000 shares just be cancelled?
Related questions:
- What determines the number of shares the company has to sell in an IPO?the money they need? Anisha asks: Lets say a company(400,000 shares) wants to raise $1 million by selling half of the company(200,000 shares). would...
- can dividends be offered in IPO? Lesli asks: In Initial Public Offering (IPO), shares of stocks are being offered.. but can dividends also be sold to...
- how many shares does a company usually go public with? Shakira asks: I have the chance to buy some pre-ipo shares in a company that is planning to go public...
- Average IPO earings of emerging corporations? Shares? Elvis asks: I have found record lows and record highs but I have yet to find an average of earnings...
- I have been alloted 17 shares of reliance power IPO. How the bonus shares will be alooted me. Please suggest? Marni asks: I have been alloted 17 shares of reliance power IPO. As per declaration of company perhaps 9 (nine)...
My understanding is that they will remain in the corporate treasury until sold.