Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
If you need special buffalo accommodations, contact your testing center. They're pretty good with things like that.

Phase 2: Cooling

Dashboard > Chapter 3: Going Public > Phase 2: Cooling

Phase 2: Cooling

IPO Phase Two: Cooling-Off Period.

Once BUBB has filed its papers, it waits. And waits. A very long 20-calendar-day cooling-off period is the norm, but it usually takes the SEC longer to figure things out. Why do we need to cool things off? Because pre-Depression, the "hot" issues were sold to poor unsuspecting truck drivers who then proceeded to speculate in them with everything they owned because they so hated driving a truck for a living; and then they lost it all. It wasn't pretty.

And...

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

$77.77
Next: Phase 3: Sales
Prev: Phase 1: Registration

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