公司理财(双语)9Issue Securities.pptVIP

Chapter 16 Principles of Corporate Finance Ninth Edition How Corporations Issue Securities Topics Covered Venture Capital The Initial Public Offering Other New-Issue Procedures Security Sales by Public Companies Rights Issue Private Placements and Public Issues Venture Capital Venture Capital Money invested to finance a new firm Venture Capital Private financing for relatively new businesses in exchange for equity The company should have an “exit” strategy Sell the company – VC benefits from proceeds from sale Take the company public – VC benefits from IPO Many VC firms are formed from a grou