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Within 90 days after February 7. The 90-day clock begins on the syndicate settlement date, the date on which corporate securities of a public offering are delivered by the issuer to syndicate members. No later than the final settlement date, the syndicate manager must provide each underwriter with an itemized statement of all costs and allocations.
An IPO is what?
An initial public offering (IPO) denotes a company's "turning public," or change from private to public ownership.
An initial public offering is when a private firm offers its first equity to the general public (IPO). A company's ownership is essentially changing from private ownership to public ownership through an IPO. Because of this, the IPO procedure is occasionally referred to as "going public."
For businesses whose stocks are already traded publicly, there are additional forms of equity fresh issue offers outside IPOs, such as:
Continuation of the offering:
- a corporation issuing more stock that is already traded publicly.
- A follow-on offering dilutes a person's position since new shares are issued.
Secondary offering:
- a registered sale of previously issued securities held by substantial investors, like a private equity firm or another institution.
- Since the shares were already issued, a secondary offering has no dilutive effect on a customer's stake.
Learn more about IPO with the help of the given link:
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