IPOs & the Primary Market
How new shares are born, and how to judge the hype around a listing.
Lessons
- What Is an IPO?How a private company sells shares to the public for the first time, step by step.
- Reading the Offer Document (DRHP)The prospectus tells you almost everything — including the risks the ads will not mention.
- How IPOs Are PricedBook-building, price bands and why the company and bankers want it priced a certain way.
- Should You Apply to an IPO?Listing-day pops, lock-ups and the cold reality of long-term IPO returns. A sober checklist.
- SME IPOs, FPOs, Rights & BonusThe other ways shares are issued — and the extra risks of the smaller, thinner ones.