float an issue

float an issue definition - business

float an issue

To sell a security issue in the primary market. For example, a firm may decide that it needs to expand its manufacturing facilities and float a new issue of common stock to pay for the expansion. Issuers generally employ an investment banker to assist in floating an issue.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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