Equity, Stock, Shares, Equity Derivatives, IPO, Corporate actions, Options, Futures, Exotic Instruments
This presentation provides an overview of Equity and Equity derivatives (definition, illustrated examples, stakeholders, etc.). This is a useful tool for students and professional operations in the capital markets (consultants, new joiners in the financial markets, etc.) to gain understanding of how the equity market operates. The public can apply for shares directly to the issuer. A sponsor is appointed by the issuer (normally an investment bank) in order to advise the issuer, promote the issue to prospective investors and to underwrite the issue. A prospectus is published and details of the issue are published in the press (both incorporate an application forms).Those who wish to apply have to complete the application form and send it to the appointed agent before the deadline. Total number of shares applied for is calculated and compared to available shares in case of oversubscriptions; the basis of share allotments is announced (pro-rata, ballot).
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