Homework

3. The initial public offering process Use the following table to determine the correct order of the given steps in a rm's decision on going public and issuing an initial public offering (IPO). Step Step Order v The Securities and Exchange Commission (SEC) assesses the prospectus and determines whether or not there is enough information provided to give investors an adequate picture of the financial state of the rm. v The firm's prospectus is signed off by the Securities and Exchange Commission (SEC). v The firm's IPO goes public and investors can begin purchasing stock in the firm. v The firm sets up a road show to make presentations and answer questions about the rm and its 1P0. v The firm hires a securities rm that serves as an underwriter for the IPO