Understanding Registered Securities Offerings Post IPO
October 3, 2013, 4:12 PM EDT
Law360, New York (October 3, 2013, 4:12 PM EDT) -- Securities offerings following an issuer’s initial public offering are sometimes referred to as "follow-on" offerings. Follow-on offerings can occur months or years after the completion of an IPO. These types of offerings may also occur following an issuer’s registration under Section 12(g) (15 USCS §78l) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") even though the issuer may not have conducted an IPO.
Follow-on offerings are generally conducted to raise additional capital for the issuer (although an issuer may conduct a secondary...