place

The marketing of new securities, usually through sales to institutional investors. Bloomberg Financial Dictionary

See: float. Bloomberg Financial Dictionary

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▪ I. place place ¹ [pleɪs] verb [transitive]

1. place an order (with somebody) COMMERCE to ask a shop or business to provide goods:

• The airline has placed a large order for jets with Boeing.

2. place an order (with somebody) FINANCE to ask a broker to buy shares, bonds etc for you:

• A speculator placed a large order for stock but couldn't afford to pay for it.

3. FINANCE if a financial institution acting for a company places its shares, bonds etc, they manage to sell them to investors:

• It easily placed the 16 million shares in the bank.

place with

• 25% of the firm's shares will be placed with institutional investors.

4. place somebody in a job HUMAN RESOURCES if an organization such as an employment agency places someone in a job, they find a job for them:

• The agency is not paid until the individual is placed in a job and holds it for a set amount of time.

5. place an ad/​advertisement MARKETING to arrange for an advertisement to appear in a newspaper:

• He wanted to sell his car, so he placed an ad in the `Auto Trader'.

6. place a ( telephone) call (to somebody) to give a telephone operator the number of a person you want to speak to, so that they can connect you:

• He went to the hotel to place two telephone calls, one local and one to London.

7. place a business in/​under receivership to ask a court of law to officially say that a company cannot continue to operate normally because of its financial difficulties:

• Creditor banks are considering cutting off assistance and forcing the company to be placed under receivership.

  [m0] ▪ II. place place ² noun [countable]

1. place of work/​employment formal HUMAN RESOURCES the office, factory etc where you work:

• Our place of work provides us with a base for social interaction.

2. take place to happen, especially after being planned or arranged:

• The meeting took place on 5th May.

3. in somebody's place if you do something in someone's place, you do it instead of them because they cannot do it:

• John Hudson is away that week, so I will be attending the course in his place.

4. be going places informal to start becoming successful:

• The market had just started to look as if it was going places when the crash came along.

5. in high places in positions of power or authority:

• corruption in high places

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Ⅰ.

place UK US /pleɪs/ verb [T]

► to do the things necessary to make something happen: place an advertisement/order »

Orders can be placed by phone or via the website.

»

The President placed calls to several world leaders to discuss the crisis.

► STOCK MARKET, FINANCE to find buyers for shares when they are made available for sale: place sth with sth »

Brokers BZW place shares in the company with various institutional investors.

► HR to find a job for someone to do for a short period so that they can get some work experience: »

The college placed him with a software firm for a month.

Ⅱ.

place UK US /pleɪs/ noun [C]

► an area, building, room, etc. that is used for a particular purpose: »

Trade fairs and exhibitions remain a common meeting place for retail buyers and suppliers.

»

He qualified for redundancy on the basis that the new hours and place of work would be a change to his terms and conditions.

● in place — Cf. in place

● in sb's place — Cf. in sb's place

● be going places — Cf. be going places

● take place — Cf. take place