Used in the context of general equities. Offering to the investment public, after compliance with registration requirements of the SEC, usually by an investment banker or a syndicate made up of several investment bankers, at a price agreed upon between the issuer and the investment bankers. Antithesis of private placement. See: Primary distribution and secondary distribution.
Nearby TermsPublic housing authority bond Public limited partnership Public offering Public offering price Public ownership
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University