Glossary entry (derived from question below)
French term or phrase:
ouverture du flottant
English translation:
secondary offering
Added to glossary by
Clair Pickworth
Apr 28, 2006 08:07
18 yrs ago
French term
France
Les mots clés... de votre succès!
Native in: English (Variant: British)
Works in: French to English
ouverture du flottant
French to English
Bus/Financial
Finance (general)
In a company presentation, under the heading: "Répartition du capital", I have the following:
ouverture importante du flottant prévue début 2007
public 11.7%
cadres dirigeants 0.4%
Does this mean that a floating supply (of capital) will be issued during 2007? If so, how can I phrase that neatly ?
Many thanks in advance
Clair
ouverture importante du flottant prévue début 2007
public 11.7%
cadres dirigeants 0.4%
Does this mean that a floating supply (of capital) will be issued during 2007? If so, how can I phrase that neatly ?
Many thanks in advance
Clair
Proposed translations
(English)
| 4 +1 | secondary offering |
rkillings
|
| 4 | (major) increase in the share capital in circulation |
GillW (MCIL)
|
| 3 -1 | offer/overture of floating stocks |
Leny Vargas
|
Proposed translations
+1
23 hrs
Selected
secondary offering
In this context, since we know there has already been an IPO (11.7% of the shares in public hands). No mention of a capital increase, so presumably the majority shareholder(s) with 88% are going to sell off a big piece of what they hold.
No one would say "opening of the free float" (the literal translation) in English.
No one would say "opening of the free float" (the literal translation) in English.
4 KudoZ points awarded for this answer.
Comment: "Thanks a lot ! I had understood the notion, but needed to know how to express it neatly - great !"
4 hrs
GillW (MCIL)
Native in English
Specializes in field
All matters financial
Native in: English (Variant: British)
Works in: French to English, Spanish to English, Italian to English
Related KudoZ points
:
20
(major) increase in the share capital in circulation
I think it means that more of the share capital will be offered to the public, as opposed to being in private hands
-1
2 hrs
Leny Vargas
France
France
Native in English
Works in field
France
CPR (Conscientious, Punctual & Reliable)
Native in: Tagalog 
, English
Works in: English to Tagalog, Tagalog to English, French to Tagalog, and 5 more.
offer/overture of floating stocks
***significant offer/overture of floating stocks expected at the beginning of 2007***
I think they are talking about stocks (not supply) here. Stocks can be part of an organization's capital.
*overture - to present or make an offer or proposal to...*
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2. Increase in floating stock
What you need to understand: Floating stock refers to the shares listed on the stock exchange. The balance shares held by the promoters or government will not be available for trading and do not comprise the floating stock.
Another negative that might impact PNB's stock post IPO is the increase in the floating stock.
As on December 31, 2004, Foreign Institutional Investors hold 3,75,28,972 shares that constitute 14.15% of the floating stock.
The Indian public holds a total of 95,87,953 (3.61%) of the floating stock.
As per Reserve Bank of India guidelines, FIIs together cannot own more than 20% shareholding in PNB's stock. The current holding of 14.15% being pretty close to the maximum cap allowed by the RBI, new long-term investors, like mutual funds and high net worth individuals, need to come in to absorb the nearly 150% rise in the floating stock post issue.
If this does not happen, the supply of the stock will increase, thereby dragging down the price (remember your economics, demand less than supply will cause the price to fall).
http://in.rediff.com/cms/print.jsp?docpath=//getahead/2005/m...
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Note added at 1 day6 hrs (2006-04-29 14:23:20 GMT)
--------------------------------------------------
In finance, stock is the capital raised by a corporation, through the issuance and sale of shares. The word stock has another meaning in British Englis, it may refer to a bond. It can also be used more widely to refer to all kinds of marketable securities. Where a share of ownership is meant the word share is usually used in British English.
++++
I agree with rkillings. It's a mistake to say offering of floating stocks.
Stocks being offered are the stocks being floated.
'Secondary offering...' seems good.
I think they are talking about stocks (not supply) here. Stocks can be part of an organization's capital.
*overture - to present or make an offer or proposal to...*
-------
2. Increase in floating stock
What you need to understand: Floating stock refers to the shares listed on the stock exchange. The balance shares held by the promoters or government will not be available for trading and do not comprise the floating stock.
Another negative that might impact PNB's stock post IPO is the increase in the floating stock.
As on December 31, 2004, Foreign Institutional Investors hold 3,75,28,972 shares that constitute 14.15% of the floating stock.
The Indian public holds a total of 95,87,953 (3.61%) of the floating stock.
As per Reserve Bank of India guidelines, FIIs together cannot own more than 20% shareholding in PNB's stock. The current holding of 14.15% being pretty close to the maximum cap allowed by the RBI, new long-term investors, like mutual funds and high net worth individuals, need to come in to absorb the nearly 150% rise in the floating stock post issue.
If this does not happen, the supply of the stock will increase, thereby dragging down the price (remember your economics, demand less than supply will cause the price to fall).
http://in.rediff.com/cms/print.jsp?docpath=//getahead/2005/m...
--------------------------------------------------
Note added at 1 day6 hrs (2006-04-29 14:23:20 GMT)
--------------------------------------------------
In finance, stock is the capital raised by a corporation, through the issuance and sale of shares. The word stock has another meaning in British Englis, it may refer to a bond. It can also be used more widely to refer to all kinds of marketable securities. Where a share of ownership is meant the word share is usually used in British English.
++++
I agree with rkillings. It's a mistake to say offering of floating stocks.
Stocks being offered are the stocks being floated.
'Secondary offering...' seems good.
Peer comment(s):
| disagree |
rkillings
: No, what is going to be offered (floated) is a batch of shares in addition to those presently in the float.
21 hrs
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thanks rkillings
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