Bringing Investors Over the Wall | Practical Law
A discussion of a financing technique whereby certain issuers bring a limited number of potential investors "over the wall" to confidentially pre-market a securities offering before announcing the deal publicly. These transactions can be referred to as wall-crossed offerings, confidentially marketed public offerings or pre-marketed offerings. This Practice Note also discusses the securities law implications of wall-crossed offerings and the suggested process, including obtaining non-disclosure agreements and cleansing the market options if pre-marketing is unsuccessful.