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Split Offering

An initial public offering (IPO) in which the issued securities are predominately a combination of primary and secondary shares. The offering consists...

Tag Along

A type of shareholding rights whereby a minority shareholder is protected when a majority shareholder sells his/its stake. The minority...

Fire Drill

An emergency that arises when an analyst is required to finish some analytical tasks related to investment banking processes under...

Acres of Diamonds

An investment thesis that maintains that seeking to earn higher returns by holding global portfolios bears no fruits and is...

Best Effort

An underwriting agreement in which the investment bank serves as agent in selling stock on behalf of the issuer. That...

Buy Side

An informal term for the institutional investors on the New York Stock Exchange (NYSE). In general, it refers to the...

Break Issue

An initial public offering (IPO) in which the security falls in price (i.e., sells below the IPO price) on the...

Broken IPO

An initial public offering (IPO) in which the security falls in price (i.e., sells below the IPO price) on the...

Self-Financing Portfolio

A portfolio (hedge portfolio) that is characterized by specific features such as zero investment and risk-free exposure (inflows and outflows...

Beneficial Owner

An individual or company that enjoys the benefits of owning a mutual fund's share even though title is not registered...