On August 19, 2004 Google IPO offered 19,605,052 shares at a price of U.S. $85 per share, which were sold in an online auction in a bid to make the shares more widely available
Which of the following statements best describes why these are considered a primary market transaction?
A) The transaction was between the corporation and investors.
B) Shares of Google from this time onward could be traded between investors on a stock exchange.
C) The shares were the first to be privately issued by Google.
D) Google was at the time a recently founded company seeking capital with which to expand.
Answer: A
You might also like to view...
You are considering the purchase of a stock with a current market price of $50.25 per share. It is expected to pay a dividend of $5.25 next year
Historically the stock has grown at 5%, and based on its risk, you desire to earn a 15% return. Which of the following is true? A) Buy the stock, since your estimated price is higher than the market price. B) Buy the stock, since your estimated price is lower than the market price. C) Do not buy the stock, since your estimated price is lower than the market price. D) Do not buy the stock, since your estimated price is higher than the market price. E) None of the above are true statements
Walmart, as a discount retailer, is an example of a company following which of Porter's competitive strategies?
A) differentiation B) cost leadership C) differentiation focus D) competitive advantage E) cost focus