A form of cover letter on behalf of a company to the SEC staff regarding a draft registration that is being submitted for confidential review. Companies can voluntarily submit draft registration statements in connection with initial public offerings (IPOs), initial Exchange Act registrations (including for spin-offs), and offerings made in the first year after an IPO or Exchange Act listing. This cover letter may also be used by foreign private issuers meeting the issuer and transaction eligibility requirements for confidential submission. This standard document has integrated notes with important explanations and drafting tips.