Podcast
Questions and Answers
What are the two additional items that the final prospectus contains compared to the preliminary prospectus?
What are the two additional items that the final prospectus contains compared to the preliminary prospectus?
- SEC disclaimer and underwriting contract
- Release date and POP (correct)
- History of the business and material financial information
- Offering price and selling discounts
What must precede or accompany all sales confirmations?
What must precede or accompany all sales confirmations?
- The SEC disclaimer
- The underwriting contract
- A copy of the final prospectus (correct)
- The preliminary prospectus
What is NOT included in the prospectus?
What is NOT included in the prospectus?
- Description of the offering
- The actual underwriting contract (correct)
- Material financial information
- Use of the proceeds
What is the purpose of the standard SEC disclaimer?
What is the purpose of the standard SEC disclaimer?
When can the offering period begin?
When can the offering period begin?
How long does it typically take to sell the entire offer?
How long does it typically take to sell the entire offer?
What is the primary purpose of the preliminary prospectus in the securities issuance process?
What is the primary purpose of the preliminary prospectus in the securities issuance process?
During what period must the preliminary prospectus be made available to customers?
During what period must the preliminary prospectus be made available to customers?
What is an indication of interest from an investor?
What is an indication of interest from an investor?
What is the purpose of due diligence by underwriters and selling group members?
What is the purpose of due diligence by underwriters and selling group members?
Why is no money exchanged during the indication of interest process?
Why is no money exchanged during the indication of interest process?
What is the final price of the securities often referred to as?
What is the final price of the securities often referred to as?
How many days is the cooling-off period for an APO of NMS securities?
How many days is the cooling-off period for an APO of NMS securities?
When does an investor need to access the SEC website to meet delivery requirements?
When does an investor need to access the SEC website to meet delivery requirements?
What type of securities are exempt from registration and prospectus requirements?
What type of securities are exempt from registration and prospectus requirements?
What is the time frame for an investor to receive the final prospectus for an IPO of non-NMS securities?
What is the time frame for an investor to receive the final prospectus for an IPO of non-NMS securities?
What type of issuers are exempt from registration and prospectus requirements?
What type of issuers are exempt from registration and prospectus requirements?
What is required for delivery requirements to be met according to regulatory rules?
What is required for delivery requirements to be met according to regulatory rules?
