The reader, Tanya, told us about a recent Facebook message she received from a bride after attending her wedding last month. In the message, the bride expressed her dissatisfaction with the $100 wedding gift she received from Tanya and her date. You can read the message for yourself below, but we must warn you: Your blood WILL boil. Last weekend I attended a wedding of a not-close friend with my boyfriend and as a gift we gave $100 cash. This was generous considering my financial situation. I just finished university with $40,000 in student loans, and have only found part time (12-18 hrs per week) minimum wage work.
Initial Public Offerings (IPO). An initial public offering, or IPO, refers to when a company first sells its shares to the public. For more information about IPOs generally, see our Investor Bulletin on IPOs.
When more people demand shares of an IPO than the number of shares being offered, it is said to be oversubscribed. Getting a piece of a hot IPO that is oversubscribed is very difficult, if not impossible. To understand why, we need to look at how an IPO comes to be, a process known as underwriting.