A British company listed on the Alternative Investment Market of the London Stock Exchange, announced the sale

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A British company listed on the Alternative Investment Market of the London Stock Exchange, announced the sale of 6,686,665 shares to a small group of qualified investors at ₤ 0.025 per share. Which of the following best describes this sale?

A. Shelf registration.

B. Private placement.

C. Initial public offering.

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Related Book For answer-question

Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

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Question Posted: Mar 21, 2024 07:00 AM

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A British company listed on the Alternative Investment Market of the London Stock Exchange, announced the sale

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Step by Step Answer:

B is correct This sale is a private placement As the c...View the full answer

Investments Principles Of Portfolio And Equity Analysis

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