Date of Defense



Finance and Commercial Law

First Advisor

Dr. James DeMello

Second Advisor

Dr. Judy Swisher

Third Advisor

Dr. Devrim Yaman


When a privately held company needs to acquire additional financing, and does not wish to assume any more debt, they may consider offering stock to the public. The process of issuing stock for the first time is known as an initial public offering (IPO). The company is able to determine the amount of capital that they wish to raise in the offering, depending on the needs of the company and its future expansion opportunities, and issue accordingly. It is still feasible for the current management of the company to retain its control and decision making authority after the issue. This is possible as long as these individuals retain over 50% of the voting power in the company. This way, when it is time to elect board members and make decisions, the management will still have the majority of the voting power.

Access Setting

Honors Thesis-Campus Only