An IPO is also referred to as a Public Offering. When a company initiates the IPO process, a very specific set of events occurs. The chosen Underwriters facilitate all of these steps.
- An external IPO team is formed, consisting of an Underwriter, Lawyers, Certified Public Accountants (CPAs) and Securities and Exchange Commission (SEC) experts.
- Information regarding the company is compiled, including financial performance and expected future operations. This becomes part of the company prospectus, which is circulated for review.
- The audited financial statements are included in the prospectus.
- The company files its prospectus with the SEC and sets a date for the offering.
The Investor Score is an internal score at ClickIPO that works like a FICO score. Holding shares for 30 days or more and participating in multiple offerings increases your investor score which can improve your allocations.
In a Marketed Secondary, you will have several days to place an order. In an overnight or spot offering, you will only have 60-90 minutes to place an order. If you receive any Secondary Offering shares, they will be allocated to you, and appear in your account before the market opens the next morning.