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Define Follow-on Offering Meaning
Follow-on Offering
(FINANCE) issue of stock by a firm that already has stock in circulation.
Follow-on offerings account for a little over 83% of new
finance capital
raised on the
NYSE
. The other 17% was
initial public offering
(IPO).
Between 1 January and
31 August
2010, 46 companies had made an initial public offering on the NYSE; another 33 had made a follow-on offering. But while the
IPO's
accounted for $9.5 billion,
the FOO's
accounted for almost $55 billion.
By Ame
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