Tag: Pre-effective sale

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 […]

Cydney Posner / November 23, 2016

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Tag: Pre-effective sale

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