Review Topics
Practice Exams
Play hard to get with the sexy test answers. We know what we're talking about. Just ask Robeefalette.

An IPO in Three Slices

An IPO, legally, is divided into 3 component parts—registration, cooling, and sales.

IPO Registration

The securities you are selling (those in Facebook) must be registered. Ooh. That's a 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 rear in jail if you commit fraud. The registration statement is the document that is filed and disclosed to i...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: Pricing Facebook for the Public  
  Prev: The IPO: Key Players and the IPO Process from the Inside

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.