What is the meaning of Flotation (rotation) cost?

Flotation (rotation) cost is the costs associated with creating capital through the issue of new stocks or bonds, including the compensation earned by the investment banker plus legal, accounting and printing expenses.

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APABarry Goldsmith. (2010). flotation (rotation) cost. Retrieved September 30, 2026, from http://smartdefine.org/flotation_(rotation)_cost/definitions/1154283
ChicagoBarry Goldsmith. 2010. "flotation (rotation) cost" http://smartdefine.org/flotation_(rotation)_cost/definitions/1154283 (accessed September 30, 2026).
HarvardBarry Goldsmith 2010, flotation (rotation) cost, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/flotation_(rotation)_cost/definitions/1154283>.
MLABarry Goldsmith. "flotation (rotation) cost" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/flotation_(rotation)_cost/definitions/1154283>