地道美语听力练习:首次公开募股

Zoe:What are you looking at?

Midas:It's the prospectus for Boogle's IPO.

I wish I could get in on the initial public offering, but since I can't, I'll buy stock as soon as the company becomes publicly traded.

Zoe:I'm not really familiar with how the stock market works.

You mean you're going to buy shares in Boogle?

Midas:That's right.

An IPO is a way for a privately owned company to become a publicly owned one.

The owners of the company do it to raise capital, or sometimes it's for early investors to cash in.

Zoe:Why can't you buy stock in the initial public offering?

Midas:A company like Boogle works with an underwriter, like a major investment bank, to help set the share price and to find buyers for the initial offering.

Zoe:Okay, I'm following you so far.

Midas:Well, that first sale of stock is usually done in bulk, and I don't have a few million dollars lying around to buy that much stock.

Luckily for me, those first buyers then turn around and sell that stock in smaller amounts.

Zoe:And that's when you'll buy.

Midas:That's right. You should get in on it, too.

Zoe:You mean buy some Boogle stock?

Midas:Sure, why not?

Zoe:And risk losing my shirt? No, thanks!