The difference between a company’s or individual’s total assets and its total liabilities. Also known as shareholders’ equity for a company.
Archives
New Issuer Listing
Occurs concurrently with the posting of the new issuer’s securities for trading. The preconditions for listing include the acceptance by the Exchange that all listing requirements and conditions have been satisfied. The effective listing date is the date when the listed securities open for trading.
New Issuer Listing – IPO (Initial Public Offering)
An IPO (initial public offering) is an issuer’s first offering of its securities made to the public in accordance with a prospectus. The offering is often made in conjunction with an issuer’s initial application for listing on an exchange.
New Issuer Listing – Plan of Arrangement
An issuer listing as a result of a plan of arrangement. A plan of arrangement is a form of corporate reorganization that must be approved by a court and by the corporation’s shareholders or others affected by the proposed arrangement, all as prescribed by corporate legislation. A plan of arrangement can take various forms, including:An amalgamation of two or more corporations A division of the business of the corporation A transfer of all or substantially all of the property of the corporation to another corporation An exchange of securities of the corporation held by security holders of the corporation for other securities, money, or other property that is not a takeover bid A liquidation or dissolution of the corporation A compromise between the corporation and its creditors or holders of its debt Any combination of the foregoing.
New Issuer Listing – Spin-Off
A reorganization that usually results in a newly listed issuer acquiring a business division or assets as its principal operating asset from another issuer (the reorganized issuer), with security holders of the reorganized issuer holding securities in both issuers, following completion of the reorganization.
New Listing
A security issue that is newly added to the list of tradable security issues of an exchange. It is accompanied with a new listing date.
Non-Certificated Issues
An issue that is recorded on the transfer agent’s electronic book rather than being held as a physical note.
Non-Exempt Issuer
A listed issuer that is subject to special reporting rules.
Non-Net Order
A special-term order when there is a clear understanding between the buying and selling parties that they will settle the trade directly with each other.
Non-Operating Expenses
Expenses not due to basic business of company.