Suppose Jamie calls her stockbroker at Big Money Brokers and finds out that NewCo is raising capital by selling its stock to the public. She believes the stock is priced low and that she will make a profit in the future, so she orders her broker to purchase 3,000 shares. In that case, who is the issuer?

Question

Quizplus · Accepted Answer

NewCo is the issuer because it is the company that is raising capital by selling its stock to the public.

Suppose Jamie Calls Her Stockbroker at Big Money Brokers and Finds