Alice Hsu Quoted in Law360 on Increased IPO Activity
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Akin Gump corporate partner Alice Hsu was quoted in the Law360 story “14 Firms To Steer 8 IPOs Topping $3B As Busy Autumn Nears” regarding what is expected to be an active fall for initial public offerings. The article reports that eight companies are scheduled to go public this week, which would be the busiest stretch since the end of July.
Hsu said additional IPO filings that are currently confidential with the SEC could become public shortly. Under federal securities laws, most issuers can initially file IPOs confidentially with regulators as long as they make plans public at least 15 days before launching a marketing event known as a roadshow, which is the final stage before pricing. This would give many more companies that are still in the nonpublic stage of the IPO pipeline enough time to price a deal before the traditional Thanksgiving break.
“We have been receiving a lot of inquiries for companies that want to raise capital,” said Hsu. “Everybody is targeting going public as soon as possible, given what’s normally required under the SEC process for emerging growth companies.”