Flotation

Flotation: The Process of Making Shares Available to the Public
Flotation is the process of making shares in a company available for sale to the investing public, transforming a private company into a public one. It is pivotal for raising capital and enabling ownership transitions.
Sponsor: Financial Institution Managing Company Flotation
A sponsor is the financial institution, usually a merchant bank or investment bank, that handles the flotation of a company. They supervise the preparation of the prospectus and ensure the company understands the benefits and obligations of being public.

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