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  3. Furniture Maker Debuts on Morrow Stock ExchangeJerome Furnishings made history

Furniture Maker Debuts on Morrow Stock ExchangeJerome Furnishings made history

游客2025-06-12  34
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. [br] The word "alleged" in paragraph 5, line 2 is closest in meaning to
选项 A、supposed
B、written
C、doubtful
D、warranted
答案 A
解析 在包含alleged的句子“…due to alleged mismanagement of funds”中，alleged的意思是“据推测的”，因此应选择同样具有“推测”含义的(A)supposed。
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