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Glossary Finance & Markets

IPO

An initial public offering: the first sale of a company's shares to public investors. It raises capital and creates an exit for early backers and staff.

An initial public offering: the first sale of a company's shares to public investors. It raises capital and creates an exit for early backers and staff.

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ETF

An exchange-traded fund: a basket of assets that trades on an exchange like a single share.…

Executive order

A directive issued by a head of government to the executive branch. It can be reversed…

Market capitalisation

Share price multiplied by shares outstanding: what the market says a company is worth in total.…

Blockchain

A shared ledger of transactions maintained by many computers at once rather than by a single…

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