Australia invented ‘plastic’ money, replacing its paper notes with polymer notes in 1988 to combat counterfeiting...
- A nine year-old boy robbed a New York bank in 1981 by pointing a toy gun at a teller and got away with $118.
- 2011, Swiss bank officials discovered open account in the name of Vladimir Ulyanov (all well-known leader of the Soviet proletariat, Vladimir Ilyich Lenin). On account of his lies only 13 francs.
- Several banks in London are trialling a new system which asks customers to verify their identities by taking selfies on their mobile phones linked to their social media accounts.
- There are three famous debtor’s prisons in the United States, all of which are located in the Great State of Virginia: Accomac, Worsham, and Tappahannock. All are registered as historic places and landmarks.
- In Singapore, you can apply for an IPO at an ATM.
DEFINITION of 'Initial Public Offering - IPO'
The first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded.
In an IPO, the issuer obtains the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), the best offering price and the time to bring it to market.
Also referred to as a "public offering".
Chosen by Beata Lewicka