Welcome to Maxx Trading Guides
Initial Public Offering Article
Interesting Initial Public Offering of The Coca Cola Company and its Worldwide Affiliate Units
from: Maxx Trading Guides"The pause that refreshes."
"Always the Real Thing."
Still remember who frequently uses such slogans for their advertisement over the years?
Is there anybody in this world that doesn't know about Coca Cola?
Probably, even the settlers in the wild areas of the Safari and the rest of the African nation got a taste of this famous carbonated drink that now counts 120 years and is still counting. Even the Eskimos, "polar bears", and "penguins" are drinking ice-cold Coca Cola despite of the extreme cold conditions on the North Pole (that is, according to their television and billboard advertisements).
Coca Cola, or commonly know in different tongues as "Coke", is the most famous and popular carbonated drink around the world. The Coca Cola Company (the corporate organization behind the manufacturing and distribution of Coca Cola drinks around the world and has its main headquarters situated in Atlanta, Georgia) was founded by Asa Candler. His legacy was continued by his successors and eventually made Coca Cola drinks as a major carbonated drink in the United States and later around the world.
Through the years, The Coca Cola Company introduced varieties of their soft drink products under the Coca Cola brand name. There you have the low-calorie Diet Coke and the sweet and delicious Cherry Coke. It had gone different issues, such as the secret formula of Coke drink production (which allegedly contained trace amounts of cocaine, which was removed when health regulations were tightened in 1902), various negative effects of Coca Cola drinks to the body, and commercial rivalry with other carbonated drink manufacturer such as Pepsi.
Nevertheless, Coca Cola has gone through different issues yet they still stand and have proven to be one of the longest-running and well-established carbonated drink manufacturers and distributors not only in the United States but also around the world.
However, there's one thing that we've missed throughout the course of Coca Cola history, and that is, they've also undergone an initial public offering just like any other major and multinational companies around the world.
Initial public offering involves the first or initial sale of the corporation's common shares to the public in the hope of raising additional revenues for the corporation. If you apply this in the case of Coca Cola, the worldwide manufacturing and distribution of their carbonated drink products is the result of their IPO, which happened in 1919. A single share of Coca Cola is worth $40 dollars, yet the market value of their shares suddenly crashed to $19 per common share in 1920 (when they under went a secondary market offering).
Despite such crashes in the market value of their common shares, Coca Cola managed to survive and extend operations to different regions around the world, particularly within the Asian and European regions. Different corporate entities later on affiliated with Coca Cola to further boost their revenue generation capabilities. However, just like their mother company, different Coca Cola affiliate companies have also undergone an IPO, one of which is the Coca Cola Icecek, the affiliate company of Coca Cola in Turkey.
Coca Cola Icecek, which had a 59% share of the local carbonated drinks market in Turkey in 1993 and has an average annual turnover of one billion lira ($740 million), had plans of going public. In fact, they've asked permission from the Capital Markets Board (the central regulatory agency for IPO) for an IPO worth 20, 16% of their total company shares. According to Tuncay Ozilhan, the chairman of the Turkish Coca Cola unit, they hoped for a "green light signal" from the Board at the end of May or start of June 2006 to launch their IPO, which was postponed several times already.
In 2004, Anadolu Efes, the owner of the 45.6 percent share of Coca Cola Icecek, had appointed Credit Suisse First Boston to revive the IPO, yet it was postponed twice.
Whatever happens to the IPO filed by its affiliate companies around the world, Coca Cola will always be the soft drink we want to stay in our refrigerators.
DashBoard FX - Real-time Forex buy/sell alerts with entry/exit points. Download Free Software Now.
ForexMentor.com
Initial Public Offering News
AIG's Sale of Asia Unit Will Be Among Largest IPOs, Walsh Says - BusinessWeek
 Telegraph.co.uk | AIG's Sale of Asia Unit Will Be Among Largest IPOs, Walsh Says BusinessWeek 8 (Bloomberg) -- American International Group Inc.'s planned initial public offering of its main Asia division will be among the world's largest share sales ... AIG no longer seeks strategic investors in AIA AIA submits plans for Hong Kong float AIA hearing date set |
Drug company Zogenix plans initial public offering - BusinessWeek
Drug company Zogenix plans initial public offering BusinessWeek Specialty pharmaceutical company Zogenix Inc. has again filed for an initial public offering of common stock, more than two years after it first announced ... Zogenix files for $90 million IPO PHARMA: Zogenix files for public stock offering San Diego's Zogenix Files for $90M IPO to Expand Development of Needle-Free ... |
Enel Aiming to Begin Green Power Unit IPO by Oct. 18, Il Sole Reports - Bloomberg
Enel Aiming to Begin Green Power Unit IPO by Oct. 18, Il Sole Reports Bloomberg Enel SpA aims to start the initial public offering for its Green Power unit by Oct. 18, daily Il Sole 24 Ore ... |
GM IPO: Offering price could warrant a drive-by - USA Today
 Moneycontrol.com | GM IPO: Offering price could warrant a drive-by USA Today The company announced plans to file an initial public offering, or IPO. Few specifics are known, but you can read what is known here. ... Government may take hit on GM IPO GM's IPO Reportedly to Price Nov. 17 GM IPO tour timetable emerges |
Changfeng Axle Seeks HK$892 Million in Hong Kong Initial Public Offering - Bloomberg
Changfeng Axle Seeks HK$892 Million in Hong Kong Initial Public Offering Bloomberg Changfeng Axle (China) Co. is seeking HK$892 million ($115 million) from an initial public offering in Hong Kong, ... Changfeng Axle Seeking To Raise Up To US$115 Million In Hong Kong IPO - Term Sheet |