Sunshine Pictures IPO Fully Booked in 90 Minutes
Listen to the story
Sunshine Pictures is a company. It started an IPO this week.
An IPO is when a company sells shares to the public for the first time.
The IPO was fully subscribed in just 90 minutes. This means all shares were bought very fast.
Many people wanted to buy shares. Retail investors are normal people who buy shares. NIIs are big investors who are not banks or big funds.
On day one, the IPO was subscribed 4.33 times by NIIs and retail investors. This means people wanted more shares than the company had.
Some experts are giving an IPO review. They look at the GMP, or grey market premium. This tells people if the price may go up after listing.
Experts also say if people should apply for the IPO or avoid it. Apply means to try to buy. Avoid means to not buy.
Many investors are happy about the strong demand for Sunshine Pictures shares.
Vocabulary15 words
- IPO
- when a company sells shares to the public for the first time
- fully subscribed
- all shares are bought by investors
- retail
- normal people who buy and sell shares
- NIIs
- big investors who are not banks or big funds
- GMP
- a price that shows if a share may go up after it starts trading
- apply
- to ask to buy something, like shares
- avoid
- to not do something
- shares
- small parts of a company that people can buy
- investor
- a person who puts money into something to make more money
- subscribed
- bought or asked to buy
- demand
- how much people want something
- listing
- when a company's shares start trading on the market
- company
- a business that sells things or services
- public
- all people, not just a small group
- review
- a look at something to give an opinion
Quiz
Answer key
1. 90 minutes 2. All the shares were bought 3. NIIs and retail investors
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Sunshine Pictures is a company. It started an _____ this week.
An IPO is when a company sells _____ to the public for the first time.
The IPO was fully _____ in just 90 minutes.
Many people wanted to buy shares. _____ investors are normal people who buy shares.
_____ are big investors who are not banks or big funds.
On day one, the IPO was subscribed 4.33 times by NIIs and _____ investors.
Experts look at the _____, or grey market premium.
Experts also say if people should _____ for the IPO or avoid it.