What does ATM stand for in the context of capital raising?

In the context of capital raising, ATM stands for "At the Market." This term refers to a type of offering where a company can sell its shares directly into the existing market at the current market price rather than at a fixed price. This method allows companies to raise capital more flexibly and efficiently, as they can issue shares incrementally based on market demand rather than in a large, single public offering.

Utilizing an ATM offering can help a company optimize the capital raised while minimizing dilution and maximizing pricing effectiveness based on real-time market conditions. It also provides the ability to tap into the market when conditions are favorable without needing to conduct a traditional secondary offering, which can entail more time and regulatory scrutiny.

In contrast, the other options do not relate to established financial terminology regarding capital raising. "All Time Market," "Automatic Trade Method," and "At Target Market" do not have standard meanings in the context of equity capital markets or offerings, which further underscores why "At the Market" is the correct choice here.