Share Delivery
Not all IPOs are eligible for delivery settlement through the DTC system, which would then either require the physical delivery of the stock certificates to the clearing agent bank's custodian, or a delivery versus payment (DVP) arrangement with the selling group brokerage firm.
Read more about this topic: Initial Public Offering
Famous quotes containing the words share and/or delivery:
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So wealth will be with those of a like disposition.”
—Tiruvalluvar (c. 5th century A.D.)
“There was no speculation so promising, or at the same time so praisworthy, as the United Metropolitan Improved Hot Muffin and Crumpet Baking and Punctual Delivery Company.”
—Charles Dickens (1812–1870)