Review Topics
Practice Exams
We buffalo have an innate sense of direction, but you'll have to look up how to get to the testing center. There's no shame in Google Maps.

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.


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

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