\ɹˈa͡ɪts ˈɒfəɹɪŋ], \ɹˈaɪts ˈɒfəɹɪŋ], \ɹ_ˈaɪ_t_s ˈɒ_f_ə_ɹ_ɪ_ŋ]\
Definitions of RIGHTS OFFERING
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an offering of common stock to existing shareholders who hold subscription rights or pre-emptive rights that entitle them to buy newly issued shares at a discount from the price at which they will be offered to the public later; "the investment banker who handles a rights offereing usually agrees to buy any shares not bought by shareholders"
By Princeton University
Word of the day
- lunar calendar used by Moslems; dates from 622 AD (Hegira); beginning of the Moslem retrogresses through solar year completing cycle every 32 years lunar calendar used by Muslims; dates from 622 AD (Hegira); beginning of the Muslim year retrogresses through solar completing cycle every 32 years