NASDAQ

A US stock exchange specialising in the shares of technology companies.

A US stock exchange specialising in the shares of technology companies.

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More terms

Formal admission

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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