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08/16/06 8:21 PM

#44343 RE: rbtree #44310

Posted by Liz Haltom on November 29, 1999 at 13:13:07:

In Reply to: IPO quite period posted by R Smith on September 09, 1999 at 11:35:21:

: I have heard many different views on the ipo quite period.
: Does anyone know if there is a rule on the quite
: period and if so, what is the rule number.

Yes, there are vague rules. I'd suggest getting a securities law hornbook and reading about the different restrictions on what can be said during the pre-filing, waiting, and post-effective periods.

What seems to be misleading is the notion of "triggering" the quiet period. I understand the violation of "gun-jumping" by inadvertently offering securities in the pre-filing period, but how does one trigger the quiet period?




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