lowtrade

[learning curve]

Upon closing :Does a public offering mean the book runners provide company with cash and then they sell to whomever?
(having trouble articulating question)
Is it basically 2 seperate transactions?
1st: book runner prices it and gives company funds
2nd: book runner sells in open market? (it's on book runner to sell for whatever they can get - if the sell for more by doing a pump then they make more ---but if price tanks they could also be stuck with losses? Essentially there is no legal time limit right? If they wanted to hold and take that risk they could?