Definitions of the terms used across IPO filings, roadshows, and pricing.
The process by which underwriters collect investor demand to set an IPO's final price and allocation.
A path to public markets in which existing shares are listed without an underwritten offering.
The percentage gain from an IPO's offer price to its closing price on the first day of trading.
The registration statement a US company files with the SEC to sell securities to the public.
An overallotment option that lets underwriters issue up to 15% additional shares at the offer price.
The first sale of a company's shares to the public, after which those shares trade on a stock exchange.
The contractual period after an IPO during which insiders are restricted from selling shares.
A pre- and post-IPO window in which company communications are restricted to avoid biasing investors.
A preliminary prospectus distributed during the roadshow, before the offer price is set.
A series of investor meetings held by an issuer and its bankers in the weeks before pricing.
A special-purpose acquisition company — a publicly listed shell formed to merge with a private operating company.
An investment bank that buys IPO shares from the issuer and resells them to investors.