Netscape Communications Corporation went public with an IPO of 5 million shares priced at $28 per share. In an extraordinary day of trading‚ the company’s newly issued shares soared to $73 by mid-day before closing at $54 - a nearly 100% increase in value in a single day of trading. 1. Does the Netscape need to go public to satisfy its capital needs? What would you estimate might be the magnitude of its capital needs over the next 3 to 5 years? Going public is certainly one means of sourcing new
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Objectives The Sarbanes-Oxley Act of 2002‚ also known as the Public Company Accounting Reform and Investor Protection Act‚ was a bill written: To improve quality and transparency in financial reporting and independent audits and accounting services for public companies‚ to create a Public Company Accounting Oversight Board‚ to enhance the standard setting process for accounting practices‚ to strengthen the independence of firms that audit public companies‚ to increase corporate responsibility and the
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1. Technology Sector 1.1. Apple Inc. (APPL) Apple Inc. is a multinational corporation that designs‚ develops and sells electronics and technology products. The company went public on December 12‚ 1980‚ generated one of the biggest amount of capital from IPO in history. At the moment‚ Apple is the largest publicly traded corporation in the world by market capitalization. The company is driving highest profit out of mobile device industry‚ and expected to growth strongly in the future. After the
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had been prohibited from accessing the capital market under any order or direction passed by the Board. Provision under the ICDR Regulations Exemption removed. Eligibility norms made applicable uniformly to all types of issuers. Issuer not to make public issue or rights issue of specified securities if: (a) the issuer‚ any of its promoters‚ promoter group or directors or persons in control of the issuer are debarred from accessing the capital market by the Board; (b) if any of the promoters‚ directors
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established? 4 When did SOX take effect? 5 What companies were affected and how? 6 What does SOX compliance require? 9 Conclusion 11 References 13 What is the Sarbanes-Oxley Act of 2002? The Sarbanes-Oxley Act of 2002 – its official name being “Public Company Accounting Reform and Investor Protection Act of 2002” – is recognized to be the most significant U.S. federal disclosure and corporate governance legislation since the Securities Act of 1933 (the Securities Act) and the Securities Exchange
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ORGANIZATIONAL RESOURCES‚ INDUSTRY MEMBERSHIP‚ AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE CREATION FOR IPO-STAGE NEW VENTURES A Dissertation by TIMOTHY R. HOLCOMB Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY August 2007 Major Subject: Management ORGANIZATIONAL RESOURCES‚ INDUSTRY MEMBERSHIP‚ AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE
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INVESTMENT BANKS As with commercial banks‚ investment banks are highly leveraged entities that play important roles in both the primary and secondary markets. Investment banking activities include: • Raising funds through public offerings and private placement of securities. • Trading of securities. • Mergers‚ acquisitions‚ and financial restructuring advising. • Merchant banking. • Securities finance and prime brokerage services. The first role is assisting in the raising of funds by
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private company went public through a front door listing‚ also known as an IPO process. However‚ there is alternative method for Gome to go public‚ which is the back door listing. 1 What is BDL? BDL is a complex inter-corporate transaction by which an unlisted private-held firm‚ 1in this case‚ 1Gome‚ achieve a listing status through the 1corporate shell of publicly-listed companies. A BDL transaction is normally structured as a1 takeover of the private firm by the public company but in essence
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of my company believe that the company should raise public capital for further expanding company’s business through changing its company type to publicly listed company. At the same time‚ getting list also can attract more investors to enable company continuous and healthy development in the future. Therefore‚ in this report‚ I will concentrate on legal procedures and their relevant issues in relation to the modification of company type and public listing. The process of changing the company type
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GB519 | Case study 1 Information‚ decisions‚ frameworks and responsibilities The case study below has been drawn from Chapter 1 of Jackson et al. (2008). Elaine Shumate has been working for GSM‚ a pharmaceutical research company‚ for more than seven years. It is her first job since finishing her graduate work in molecular biology and her performance evaluations have been exemplar y. She has received increasing responsibility as opportunities have become available at GSM. Unfortunately‚ her
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