(FINANCE) an initial public offering of stock in a company by a private equity fund that already owns it.
ILLUSTRATION
Suppose we have a company, HCA, that currently a publicly traded corporation. Now, some people with a lot of money arrange to borrow even more money, buy ALL the stock in HCA, and then turn it into a private corporation. All of the shares of stock are withdrawn and the company no longer has to publish its financial data with the SEC.
In theory, the new ownership can totally restructure the management; invest in new assets; divest old assets; retrain staff; or otherwise refurbish HCA so it does its job better and more cheaply. After doing this, it sells the new HCA to the public for much more than it paid for it, and everyone comes out a winner.
In practice, PE fund raids HCA to the tune of $2.5 billion and saddles it with the gigantic finance costs of its own LBO. Investors think they're buying a set percentage of HCA when they buy shares, but they're really just extending the process of vacuuming cash from the pockets of investors.
ILLUSTRATION
Suppose we have a company, HCA, that currently a publicly traded corporation. Now, some people with a lot of money arrange to borrow even more money, buy ALL the stock in HCA, and then turn it into a private corporation. All of the shares of stock are withdrawn and the company no longer has to publish its financial data with the SEC.
In theory, the new ownership can totally restructure the management; invest in new assets; divest old assets; retrain staff; or otherwise refurbish HCA so it does its job better and more cheaply. After doing this, it sells the new HCA to the public for much more than it paid for it, and everyone comes out a winner.
In practice, PE fund raids HCA to the tune of $2.5 billion and saddles it with the gigantic finance costs of its own LBO. Investors think they're buying a set percentage of HCA when they buy shares, but they're really just extending the process of vacuuming cash from the pockets of investors.
MIKE: So I hear that KKR and Bain Capital are selling HCA back to the public. A new IPO, huh?
MARGARET: Avoid it. Ordinary IPO's by companies going public for the first time are doing much better.
MIKE: But that's crazy! It's a sponsored IPO! By KKR and Bain Capital! It's got to be good! They'll still own most of HCA afterward, so they'll do what it takes to make sure the price stays high.
MARGARET: No, they don't care what the share price does so long as they get your money out of you. In the meantime, they've looted the company in the most inefficient way possible: using an LBO financed with junk bonds.
MIKE: Ouch, I guess my head is glad I talked to you about it but my heart is a greasy stain in the pavement.
MARGARET: Avoid it. Ordinary IPO's by companies going public for the first time are doing much better.
MIKE: But that's crazy! It's a sponsored IPO! By KKR and Bain Capital! It's got to be good! They'll still own most of HCA afterward, so they'll do what it takes to make sure the price stays high.
MARGARET: No, they don't care what the share price does so long as they get your money out of you. In the meantime, they've looted the company in the most inefficient way possible: using an LBO financed with junk bonds.
MIKE: Ouch, I guess my head is glad I talked to you about it but my heart is a greasy stain in the pavement.
by Sorry, the good guys lost September 2, 2010
Get the sponsored IPO mug.Just another shitty high school in good old smog filled commiefornia. The school is composed of mostly Mexicans, Asians and the oh so rare whites and blacks. Most the the Mexicans there always think they are hot shit and believe the world owes them something somehow. Some of the teachers are chill but they are a few that just plain suck, like that one female teacher at the English wing that looks like a lesbian. The gym teachers and coaches don’t really give a shit about their jobs, like at all. The school has shitty sports teams like a football team that hasn’t won since the 70’s, a baseball team that sucks ass, and the only team that does somewhat well is basket ball. That’s because of the few black kids that ever attend the school. The only thing worse about the beaners is the Russian retards that think they literally own the school, those retards go as far as to his as passerby’s fuckin retards. Overall the school is still just another shitty school that says they are the best, but the only reason the school got any kind of award was because all of the chinks that’s are forced to do good by their parents.
by Knightlydays April 20, 2019
Get the Sonora high school mug.Related Words
Sponor
• sponsor
• Sonora
• sponer
• sponsored
• sonorum frostonium
• Spinorkchopyphillis
• Spoorthi
• Spoorti
• sonoran hotdog
The Spanork is a combo between the Fork,spoon, and Knife.
The Spanork is use when you are eating something then have to switch utensils. This is used for BoyScouts, Hikers, BackPackers, and another outdoors men and or women.
The Spanork is use when you are eating something then have to switch utensils. This is used for BoyScouts, Hikers, BackPackers, and another outdoors men and or women.
Dennis: What is this?
Chris: I don't know,but i can drink soup and eat my steak
John: Well come on its a Spanork
Man1:Hey did you pack the utensils
Women1:no of course not I just grabbed 2 Spanorks to save space.
Chris: I don't know,but i can drink soup and eat my steak
John: Well come on its a Spanork
Man1:Hey did you pack the utensils
Women1:no of course not I just grabbed 2 Spanorks to save space.
by Jr.JDubs May 9, 2011
Get the Spanork mug.When a person performing oral sex sticks their thumb up the recipient's butt instead of a finger; Considered the signature move of truck stop prostitutes near the Arizona/Mexico border
Normally, my husband likes me to put a finger in his butt during oral, but I thought I would surprise him with a Sonoran Stinger and use my thumb instead
by jackburton420 June 8, 2017
Get the Sonoran Stinger mug.When two males obtain a Q-Tip with each end dipped in hot sauce and insert each end of the Q-Tip into their penises. The first one to pull away is the inferior man.
Man 1: I challenge you to a Sonoran Handshake!
Man 2: Challenge accepted!
Together the men douse each end of the Q-Tip in hot sauce and insert the ends into their penises. Both men glare into each other’s eyes when finally Man 1 pulls away in agony, thus declaring Man 2 as the superior male.
Man 2: Challenge accepted!
Together the men douse each end of the Q-Tip in hot sauce and insert the ends into their penises. Both men glare into each other’s eyes when finally Man 1 pulls away in agony, thus declaring Man 2 as the superior male.
by SirBiggles May 17, 2018
Get the Sonoran Handshake mug.Spoorthy is a wonderfully sweet person with an innocent face but also the perfect partner for mischief.Proper teacher's pet all the way. You can spend hours talking to her about anything.She's someone you can totally depend on for great advice and companionship.
by Nin_thalay November 24, 2021
Get the Spoorthy mug.In YouTube there is a certain powerhouse about sponsorships where they get the YouTubers to say "Today's video is sponsored by Raid Shadow Legends, one of the biggest mobile role-playing games of 2019 and it's totally free! Currently almost 10 million users have joined Raid over the last six months, and it's one of the most impressive games in its class with detailed models, environments and smooth 60 frames per second animations! All the champions in the game can be customized with unique gear that changes your strategic buffs and abilities! The dungeon bosses have some ridiculous skills of their own and figuring out the perfect party and strategy to overtake them's a lot of fun! Currently with over 300,000 reviews, Raid has almost a perfect score on the Play Store! The community is growing fast and the highly anticipated new faction wars feature is now live, you might even find my squad out there in the arena! It's easier to start now than ever with rates program for new players you get a new daily login reward for the first 90 days that you play in the game! So what are you waiting for? Go to the video description, click on the special links and you'll get 50,000 silver and a free epic champion as part of the new player program to start your journey! Good luck and I'll see you there!" This is very annoying because I just want to watch your !!!!ing video you dullard. Just get on with the video.
by LukeIsCoolerThenU April 30, 2022
Get the Raid Shadow Legends Sponsorships mug.