Proposed Rule
Solicitations of Interest Prior to an Initial Public Offering
Overview
The Securities and Exchange Commission ("Commission') is publishing for comment a proposed rule that would allow issuers contemplating initial public offerings to solicit indications of investor interest in their companies prior to the filing of a registration statement under the Securities Act of 1933. The proposed rule would allow an issuer to assess potential investor interest in the company before incurring possibly significant costs associated with the preparation of offering disclosure documents. The proposals are intended to reduce the regulatory impediments and cost of accessing public markets consistent with investor protection interests.
Details
File Number
S7-18-95
Rule Type
Proposed
Release Number
33-7188
SEC Issue Date
June 27, 1995
Federal Register Publish Date
July 10, 1995
Document Citation
60 FR 35648
RIN
3235-AG52