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(Securities Act of 1933)
Registration procedures for an IPO:
1. Filing date is when sec receives the registration statement.
2. 20 day cooling off period (they review all the information)
- Red herring (preliminary prospectus)
- Blue sky the issue (register it with each state)
- Due diligence meeting (check to make sure everything satisfies federal and state laws.
3. Prospectus requirements.
State registration