Bringing Investors Over the Wall | Practical Law

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.

Bringing Investors Over the Wall

Practical Law Practice Note 4-422-1741 (Approx. 10 pages)

Bringing Investors Over the Wall

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
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.