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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  15
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.
Where would this article most likely appear?
选项 A、In a furniture brochure
B、In a company’s press release
C、In an architecture magazine
D、In a business newspaper
答案D
解析 本题需要结合文中各处出现的线索去推断这篇报道刊登在什么地方。根据该报道的题目“Furniture Maker Debuts on Morrow Stock Exchange”与开头的“Jerome Furnishings made history yesterday by becoming the first-ever publicly listed furniture company on the Morrow Stock Exchange．”，可知Jerome Furnishings公司昨天成为了史上第一家在Morrow证券交易所上市的家具企业，报道的前半部分一直在介绍该公司上市以及业务扩展的情况，由此可以推断这是刊登在经济报刊上的一篇报道，因此选(D)In a business newspaper。
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