Question

Find a story about a recent primary offering in The Wall Street Journal. Based on the information in the story, indicate the characteristics of the security sold and the major underwriters. How much new capital did the firm derive from the offering?

Answer 1

Wall Street

The wall street is a street in the lower manhattan section of Newyork city that is the home of the New York Stock Exchange or NYSE.

Wall Street has also been the historic headquarters of some of the largest U.S. brokerages and investment banks.

Today, Wall Street is used as an umbrella term to describe the financial markets and the companies that trade publicly on exchanges throughout the U.S.

Wall Street Journal Prime Rate

The wall street journal prime rate is a measure of the U.S prime rate defined by the wall street journal as the base rate on corporate loans posted by at least 70% of the 10 largest U.S banks It is not the best rate offered by banks. It should not be confused with the federal funds rate set by the federal reserve. Though these two rates often move in tandem

.Given below is the prime rates of the wall street in 2007 to 2017

2007 to 2017
Date of Change	Prime Rate
2007
18-Sep-07	7.75%
31-Oct-07	7.50%
11-Dec-07	7.25%
2008
22-Jan-08	6.50%
30-Jan-08	6.00%
18-Mar-08	5.25%
30-Apr-08	5.00%
08-Oct-08	4.50%
30-Oct-08	4.00%
16-Dec-08	3.25%
2015
17-Dec-15	3.50%
2016
15-Dec-16	3.75%
2017
16-Mar-17	4.00%

The companies raising the most money in the IPO market right now have no revenge aren’t profitable and lack long term business plans. They are blank check companies whose purpose is to raise money for acquisitions so far this year these special purpose acquisition companies or SPACs have raised $6.5 billion on pace for their biggest year ever according to dealogic.I April 80% of all money raised for U.S initial public offerings went to blank check firms compared with an average of 9% over the pat decade.