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Equity Hybrid Fund

A mutual fund that constitutes an an ope-ended scheme investing mostly in hybrid equity (equity and equity related instruments). Its...

Junior Specified Purpose Acquisition Company

A form of specified purpose acquisition company (SPAC) whereby a blank check company would raise a minimal amount of funds...

Primary Offering

The first-time issuance of stock (or broadly a security) by a private company (privately held company/ corporation) for public subscription....

Annual Percentage Yield

The total income that an investment earns on an annual basis, expressed as a percentage. It is the total earnings/...

APY

It stands for annual percentage yield; the total income that an investment earns on an annual basis, expressed as a...

Gun Jumping

The intentional attraction of interest in an initial public offering (IPO) before an issuing company files a registration statement. Companies...

Hot Market

A market where the number of initial public offerings (IPOs) that were introduced in a given month is large, after...

Hot IPO

An initial public offering (IPO) that is introduced in a favorable environment- i.e., in a hot market. A hot market,...

Horizontal Merger

A merger that results from the combination of competitors within the same geographic market. In a broader sense, a horizontal...

Hot Issue

An initial public offering (IPO) in which demand for issued securities exceeds supply. A hot issue IPO is an offering...