Dog And Pony Show
In ye olden days (okay, not that old, but still), dog and pony shows literally had dogs and ponies, probably doing tricks and having petting zoo moments. The name stuck, but the dogs and ponies changed to financial securities, up for sale no doubt.
Dog and pony shows can have a wider meaning, referring in general to road shows that showcase products and have presentations...like a big "hey, you need to buy this!" conference. In the financial sector, a dog and pony show refers mostly to companies ripe with an IPO, a.k.a. an initial public offering.
If you don’t know what an IPO is, it’s okay, we’ve all been there at one point or another. The TL;DR of an IPO is that it’s when a private company is offering shares (investment opportunity instruments) to the public for the first time. This gives the company more money they need to grow (and some flashy PR with executives strutting their stuff), and gives investors a chance to get in early on an up-and-coming company. A dog and pony show can make or break a company’s success in getting investors on board long after it’s over.
Road shows (in the finance sector) are also a great way for financial people to mingle, mingle, mingle. Think: brokers, investors, analysts, and even fund managers.
Related or Semi-related Video
Finance: What is a primary offering, and...29 Views
finance a la shmoop what is a primary offering and what are primary shares all
right people let's start with the primary offering it's pretty much just
an IPO or initial public offering of stock that's primary and hello 1933 Act [The 1933 securites act is slid onto a desk]
that's what gave rise to all the regulations around primary offerings its
original shares virgin ones in fact now being offered for the first time to an [Someone holding 'extra virgin stock']
investor public primary offering that's what it is
but primary shares also come from private companies like a venture capital [Sign for a venture capital company]
company might buy primary shares in a b round from whatever.com as that company
funds its growth now once a company is already public its shares will have
traded back and forth in many different hands over time those would be called [Secondary shares stamp]
secondary shares and hello 1934 Act which set the regs all around
secondaries so yeah primary 1933 secondary 1934 and well that's pretty
much it as long as you can count to two this one's a pretty easy concept to
would wrap your head around.. primarily.. [Woman looks confused]
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