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> It’s odd to have these IPOs in the middle of August Read my other comment further down. It is from doing your private SEC filings in December to use a loopho
by dsl 7y ago
> It’s odd to have these IPOs in the middle of August
Read my other comment further down. It is from doing your private SEC filings in December to use a loophole to avoid disclosing a bunch of information.
These companies didn't just wake up in the morning and plan to IPO, it a good 18 months of planning that end with a public filing.
- cm2187 7y agoThat's all well, but I am more familiar with bond issuances than equity, and the issuer always has the option to delay until the right market conditions, and I don't know any banker who would ever advise issuing in the middle of big market correction, in the least liquid part of the year.
- rapht 7y agoYou actually have that option but there is a limit to how much you can delay - I'm not familiar with US regulation but in most jurisdictions I know about you could delay for max 3 months after your public submission (mostly due to the fact that you present quarterly numbers on the prospectus, which means you need to update it X days after closing the quarter).