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An IPO in Three Slices

IPO/ Shmipieau: An IPO In Three Slices

An IPO, legally, is divided into 3 component parts – Registration, Cooling, Sales.

IPO Registration

The securities you are selling (those in Facebook) must be registered. Ooh. Scary Big Brother-y word. What does “registered” mean? Well, the ’33 Act just outlines the picayune elements that must be disclosed and provides criminal penalties for the courts to toss your bony a$$ in jail if you commit fraud. The registration statement is the document that is f...

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