Introduction

1.

A method of obtaining a listing on a stock exchange, without the issue of new shares.

Its availability is limited to companies whose shares are already held by a sufficiently wide base of shareholders, and which also meet all of the other criteria for a listing.

2.

The facilitation of a engagement for services between an existing client and a new adviser, for example an auction house.

See also

• Flotation
• Initial public offering
• Introductory commission
• Listing
• Placing