Methods of obtaining a listing at the stock exchange:
Offer for subscription: Can be fixed or by tender and occurs where the issuing authority offers the shares directly to the public using an intermediary.
Placing: A sponsor buys the whole issue and then determines terms for sale to its own clients. Any unplaced shares are sold to a second broker known as an intermediary.
Introduction: Method available to companies that already have a good spread of shareholders or companies already quoted on an overseas exchange.
Tender offer: Where shares are subscribed for using a bidding system.
State and explain the methods of obtaining a listing on the stock exchange
