3.2.4. SPO Costs
When comparing to an IPO, an SPO will be a less demanding process for all for all those involved in the operation and the Company incurs in less costs. The same type of costs that arise in an IPO also may arise in an SPO. Nonetheless, usually those costs are smaller in an SPO given […]
3.2.3. Offering and Placement
In a rights issue, the offering and placement begin following the disclosure of the Prospectus and the release of the notice for the exercise of subscription rights of the new shares to be issued. The offering period normally takes 2 to 3 weeks, considering the period of no less than 15 days that is legally […]
22.214.171.124. Setup 126.96.36.199.1. Internal decision-making process Capital Increase The launch of an SPO must be preceded by a Company´s resolution of share capital increase approved by the General Meeting, unless the Board of Directors is authorised by the Company’s by-laws to resolve on share capital increases up to a limit therein foreseen. The Company’s resolution […]
A Company after its IPO can raise, with less effort, additional equity capital through a secondary public offering (SPO, follow-on offering) for the purpose of raising capital for new projects or for recapitalising the Company. Similarly, to the IPO process, an SPO is developed in the same 3 phases as an IPO, namely Planning, Preparation […]
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