Analysis of Ipo Prospectus of Utfsl and Ecobank Ltd
| |APRIL,2009 |
| |MBA FINANCE CLASS |
| | |
| |SCHOOL OF BUSINESS UCC |
| | |
| |By |
| | |
| |Edward Nii Amar Amarteifio |
|ANALYSIS OF ipo PROSPECTUS OF utfsl AND ecobank ltd |
|This paper takes a critical look at the IPO prospectus issued both by UTFSL and ETI in 2008. Despite the fact that these prospectus are the base |
|used by any prospectus investor to purchase newly issued shares, the required attention and care is(as we found) not usually given to it. |
INTRODUCTION
Investing in the stock market should not be a "heart and gut" affair based on hunches, guesswork, hot tips, rumours or speculation. This is true for investments in securities of companies already listed on the stock exchange; it is also true for investments in securities of companies seeking listing for the first time.
Seeking listing on a stock exchange is also called 'going public' or 'flotation'. The purpose of seeking listing is generally to raise funds for the company's business expansion or growth. The company seeking listing will therefore offer part of its securities to be subscribed by the public, as part of the listing exercise. This offer
| |MBA FINANCE CLASS |
| | |
| |SCHOOL OF BUSINESS UCC |
| | |
| |By |
| | |
| |Edward Nii Amar Amarteifio |
|ANALYSIS OF ipo PROSPECTUS OF utfsl AND ecobank ltd |
|This paper takes a critical look at the IPO prospectus issued both by UTFSL and ETI in 2008. Despite the fact that these prospectus are the base |
|used by any prospectus investor to purchase newly issued shares, the required attention and care is(as we found) not usually given to it. |
INTRODUCTION
Investing in the stock market should not be a "heart and gut" affair based on hunches, guesswork, hot tips, rumours or speculation. This is true for investments in securities of companies already listed on the stock exchange; it is also true for investments in securities of companies seeking listing for the first time.
Seeking listing on a stock exchange is also called 'going public' or 'flotation'. The purpose of seeking listing is generally to raise funds for the company's business expansion or growth. The company seeking listing will therefore offer part of its securities to be subscribed by the public, as part of the listing exercise. This offer