Floating involves raising money through the sale of shares on which exchange?

Floating involves raising money through the sale of shares on which exchange?

• A. ASX
• B. NYSE
• C. LSE
• D. NASDAQ

Answer: (A)

Floating means a company sells its shares to the public for the first time to raise capital, and those shares are listed on a stock exchange where they can be bought and sold. For an Australian company, that listing is typically on the Australian Securities Exchange, so the correct place for a float in this context is the ASX. The other options are major exchanges in different regions—NYSE and NASDAQ in the United States, and the London Stock Exchange in the United Kingdom—used for floats by companies based there or choosing to list there.

Floating means a company sells its shares to the public for the first time to raise capital, and those shares are listed on a stock exchange where they can be bought and sold. For an Australian company, that listing is typically on the Australian Securities Exchange, so the correct place for a float in this context is the ASX. The other options are major exchanges in different regions—NYSE and NASDAQ in the United States, and the London Stock Exchange in the United Kingdom—used for floats by companies based there or choosing to list there.