flotation
/fləʊˈteɪʃən/ noun [C or U] mainly UK (also UK floatation) STOCK MARKETDefinition
› a situation in which a company offers shares for sale on a stock market for the first time: Shares fell one point to 138p, their lowest level since flotation in May.a planned/proposed/possible flotation Interest from institutional investors in a possible flotation is rumoured to be strong. Several subsidiaries were sold during a public flotation in 2005.flotation of sth Finance experts have predicted a wave of flotations of private equity firms.£500 million/$2.4 billion, etc. flotation Plans will be announced for a $1.1 billion flotation later today. Publicly, the firm remains committed to a stock market flotation, which is likely to value it at up to pounds 4.5 bn. The French media giant is the latest in a series of companies to abandon flotation plans. Shares ended the week at 392p, compared with their 380p flotation price.
(Definition of flotation noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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