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  3. Furniture Maker Debuts on Morrow Stock Exchange Jerome Furnishings made history yesterday by becoming the first-ever publicly li

Furniture Maker Debuts on Morrow Stock Exchange Jerome Furnishings made history yesterday by becoming the first-ever publicly li

admin2018-11-19  61
问题 Furniture Maker Debuts on Morrow Stock Exchange
Jerome Furnishings made history yesterday by becoming the first-ever publicly listed furniture company on the Morrow Stock Exchange. The firm floated 500,000 shares of stock at $20 apiece and collected $10 million equity capital in its initial public offering (IPO).
The capital obtained from the IPO is expected to allow the company to create new products and expand its range of services. Jerome Furnishings hopes to venture into customizing furniture for corporate centers, hotels, and recreational areas, in addition to creating new models of household furniture.
Theodore Campbell, Jerome Furnishings’ managing director for East Asia, said the company is currently in talks with Ohana Bay Hotel over a proposal to renovate the establishment’s rooms and facilities.
Founded in 1985, the company has been famous for its stylish products and innovative interior design solutions. Since its initial launch, the company has seen many successful expansions, becoming one of the largest home furniture and decor manufacturers and retailers in the world with more than 30 branches all over Asia, Europe, and North America.
Nevertheless, Jerome Furnishings was acquired by real estate developer Meredith Construction seven years ago when the furniture giant shut down some outlets due to alleged mismanagement of funds.
The successful stock auction, however, proves that Jerome Furnishings has regained its strength. "The event confirmed the public’s confidence in the company and gave hope for the fulfillment of its future plans," Campbell said.
Why did Jerome Furnishings raise capital?
选项 A、It has to repay its loans.
B、It needs to open new outlets.
C、It wants to broaden its offerings.
D、It plans to renovate its office building.
答案C
解析 本题是问Jerome Furnishings公司为何(Why)要融资。与题干中的“raise capital”有关的原文中的语句是“The capital obtained from the IPO is expected to allow the company to create new products and expand its range of services．”，由此可知该公司的融资是为了开发新产品和扩大服务范围，因此选(C)It wants to broaden its offerings．。
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