Stage 3 Note-taking Exercise
In this note-taking exercise,there are no guided notes provided for you.So,it is going to be difficult because the lecture is long and contains a lot of information.You are suggested to follow the Lecture Outline and refer to the Word Guide below while taking your own notes.
Lecture Outline—A Topic Outline
I.Concept of initial public offering
II.IPO history
A.Origin
B.Dot-com boom of the 1990s
C.Meltdown of the dot-coms in 2000
D.World’s biggest IPOs in history
1.Japan’s NTT DoCoMo in 1998
2.China’s ICBC in 2006
3.US Visa in 2008
4.China’s ABC in 2010
5.China’s Alibaba in 2014
III.Advantages of IPOs
A.Cheaper access to capital
B.Money to pay additional compensation
C.Increased public awareness of the company
D.Easier to raise additional capital for expansion
IV.Disadvantages of IPOs
A.Time-consuming process and significant costs involved
B.Loss of confidentiality,flexibility and control
1.Regular disclosure of operating details
2.Ineffective decision making
3.Further weakening of management’s control due to ownership dilution
Word Guide:Dutch East India Company,East Indies,Netscape Communications,NTT DoCoMo,ICBC,Hong Kong Stock Exchange,Shanghai Stock Exchange,Visa,ABC,Alibaba
Take your notes on the following space:
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