What does 'float' mean as in:?
Answer:
It means they are planning to finance the business with "theoretical" money. In other words, they will use the value of unsold shares.
On a small scale: imagine that I want to give someone money anonymously. I mail you a check to deposit in your account.
When the check clears, you will write a check for the same amount and give it to the party I want paid.
During the time between when my check clears and your check clears, you can actually use the money anyway you want. In other words you can "float" yourself a loan.
'Float' here is used in the sense of 'Start business'
It means to issue stock. In this case, shares will be offered on the Hong Kong, US, London, and Singapore stock markets. I assume they'll be priced in US dollars.
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