LXH operates a number of new and used car sales branches in N-Land and have recently listed on the country's stock exchange but have not yet issued any shares. You have worked for LXH for many years, having been recently promoted to Finance Manager from Finance Assistant. The company expects substantial profits and significant growth in the future, having gained exclusive rights to sell the leading electric car in N-Land. As a result, LXH predicts considerable demand for its shares. The finance director is unsure whether to engage in an offer for sale or a placing, and asked for your help on the details of these alternatives. You create a table listing the key points. Match the descriptions below to the appropriate type of share issue. Solution Wider distribution of ownershipIssues are relatively fast and cheapUsed to secure an initial listing or subsequent fund raisingNarrower distribution of ownershipTypically results in a less active market Offer for sale Placing