1 Once upon a time, when you bought broccoli you bought the whole vegetable, stems and crowns. Then it became customary for grocery store produce departments to separate the crowns from the stems and to sell the crowns at a premium. 2  Iâm not a fan of this practice, because I like both parts of the broccoli plant.
A company's first issue of common stock to the public is called an Initial Public Offering. Afterwards, a corporation may issue new equity at any time in order to finance its growth. When new common shares are offered to existing shareholders first, this is called a rights offering.
Map: Australia. The Federal Government has lifted the indicative price for Medibank shares to between $2 and $2.30. The original indicative price range was $1.55 to $2 per share, but this was always subject to change depending on demand for the float. $2.30 a share price would value Medibank at $6.3 billion, but the Government would actually receive less than this depending on how many shares went to retail investors on the $2 capped price. Topics: company-news, insurance, privatisation-and-deregulation, australia.