Tag: conditional offer to buy

Corp Fin OKs technical modification of process for offers and sales in IPOs

by Cydney Posner In a new no-action letter to Morgan Stanley, Corp Fin agreed that, as outlined in the request letter, the firm’s proposed procedures for offering and selling securities in IPOs would not involve a pre-effective sale for purposes of Section 5(a) of the Securities Act. Essentially, the modified […]