Michigan Community Bancorp IPO year
What is the IPO year of Michigan Community Bancorp?
The IPO year of Michigan Community Bancorp Ltd. is 2018
What is the definition of IPO year?
Initial public offering is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
Through IPO a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors.
Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors.
The IPO process is colloquially known as going public. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares.
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What does Michigan Community Bancorp do?
Michigan Community Bancorp Limited operates as the holding company for the Lakeside Community Bank and the North Oakland Community Bank (the banks), which engage in the general commercial and retail banking. The banks offer various deposit products, including checking accounts, saving accounts, and time deposits. The banks conduct lending activities in the residential and commercial mortgage markets, and the consumer installment marketplace. Lakeside Community Bank offers banking services in Macomb County, Michigan, primarily in Clinton Township, Macomb Township, Ray Township, Shelby Township, Washington Township, Mt. Clemens, Sterling Heights, and Utica. North Oakland Community Bank offers its banking services primarily in Rochester, Rochester Hills, Pontiac, Troy, Auburn Hills, Oakland Township, Orion Township, and Lake Orion Village in Oakland County, Michigan. The company was incorporated in 1998 and is based in Sterling Heights, Michigan.
Companies with IPO year similar to Michigan Community Bancorp
Guangdong Hybribio Biotech Co., Ltd.
Fujian Kuncai Material Technology Co.,Ltd.
Todd River Resources Limited
Malion New Materials Co., Ltd.
Aditya Birla Capital Limited
IFL Enterprises Limited
Michigan Community Bancorp Ltd.
Fujian Kuncai Material Technology Co., Ltd.? IPO year: 2 017
Guangdong Hybribio Biotech Co has IPO year of 2017
Fujian Kuncai Material Technology Co has IPO year of 2017
Todd River Resources has IPO year of 2017
Malion New Materials Co has IPO year of 2017
Aditya Birla Capital has IPO year of 2017
IFL Enterprises has IPO year of 2017
Michigan Community Bancorp has IPO year of 2018