Quiet Period? We Don't Need No Stinking Quiet Period...
from the adversarial-period dept
Apparently, the SEC is finally thinking that it might be time to update their rules concerning the "quiet period" surrounding a company's IPO when they're not allowed to talk via much other than their prospectus. Red Herring's suggestion is to go somewhat to the other extreme, and exchange the quiet period for the adversarial period, where analysts and investors can quiz the company, and perhaps have all the questions and answers posted online so everyone can see them. Of course, this is (in theory) what the road show is supposed to be about, but that cuts out the "public" part.
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