Public offerings of securities by petroleum industry: methods and costs of raising capital
This study examines public securities offerings by the petroleum industry and the flotation costs associated with raising capital through offerings to the public. Descriptive material is presented on an aggregate basis for the industry and also by selected company characteristics. Data were obtained from the Securities and Exchange Commission's records of registration statements for public offerings and include all public offerings registered with the SEC during the period January 1970 through October 1975. The petroleum industry issued 101 debt offerings and 1058 equity offerings during the time period. The total number of offerings for all industries was estimated to be 20,000, so the petroleum industry accounted for roughly 5% of the total volume.
- OSTI ID:
- 5460940
- Resource Relation:
- Related Information: Research Study No. 012
- Country of Publication:
- United States
- Language:
- English
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