Understanding the IPO Legal and Regulatory Developments: 2015 Perspective
In this two-hour LIVE webcast, a panel of distinguished professionals and thought leaders will help companies understand the important aspects of planning or hoping to go public. They will provide an in-depth discussion of various legal and regulatory developments concerning Initial Public Offerings (IPO).
Some of the major topics that will be covered in this course are:
- The Initial Public Offerings Market (IPO) – Overview
- Legal and Regulatory Developments Affecting IPO Market
- The Form S-1 and Challenges of Drafting It
- Analysis of Market Practices
- The Concept of Going Public
- Guides to Companies “Planning or Hoping to Go Public”
Robert L. Frome, Corporate/Securities Law Partner
Olshan Frome Wolosky LLP
Kenneth A. Schlesinger, Corporate/Securities Law Partner
Olshan Frome Wolosky LLP
Preparing for an IPO: Costs and Benefits
- Access to Markets
- Cash, access to public markets, providing a liquid market for company’s shares, increasing valuation of investment, incentives for employees)
- IPO costs
- Increased Public Profile
- Improved Internal Controls, enhanced public profile
- Regulatory Burdens, Loss of Privacy, Cost of filing requirements
- Better access to capital for potential acquisitions
- Shareholder concerns, susceptibility to market conditions
- Case Study: Facebook IPO
- Issues with Regulation
- FINRA investigation
- Facebook accused of sharing information with select clients, rather than the general public
- SEC and NASDAQ
- NASDAQ fined $10 million by the SEC for computer glitches making it impossible to establish correct opening price
- FINRA investigation
- Issues with Regulation
Brian S. Korn, Of Counsel
Pepper Hamilton LLP
- Due diligence Underwriter’s compensation Lockups & distribution liability, directed share plans
Kate Salley, Attorney
Sullivan & Worcester LLP
Confidential Submission of Registration Statements in IPOs
- Are companies taking advantage of the ability to file confidentially?
- Overview of the Confidential Filing Process
- Practice Tips and Pointers for Confidential Treatment of Exhibits and Comment Responses during the Confidential Submission Process
Who Should Attend:
- General Counsel
- Investment Bankers
- Venture Capitalists
- C-Level Officers Board Members
- Company Counsel
- Other Interested/Related Professionals
Brian S. Korn practices in the Corporate and Securities Practice Group and is co-head of the firm’s Crowdfunding and Peer-to-Peer Lending Group. He also serves as chair of Practising Law Institute’s Crowdfunding and Online Direct Lending (Peer-to-Peer) Conference. Mr. Korn has had multiple appearances on Fox Business Television, Bloomberg, CCTV America and National Public Radio as an expert on the JOBS Act, including its impact on crowdfunding, peer-to-peer lending, IPOs and market trading dynamics. He also was published or quoted in Forbes, CNBC, MSNBC, New York Law Journal, Law360, Philadelphia Inquirer, Pittsburgh Post-Gazette, The Financier Worldwide and The Review of Securities & Commodities Regulation. Mr. Korn is listed in the CrowdFundBeat Who’s Who of CrowdFunding World in 2014.
Prior to joining Pepper in 2012, Mr. Korn was director and head of equity capital markets and equity syndicate compliance at Barclays. There he was responsible for monitoring and reviewing equity, equity-linked, derivative/hybrid and private placement transactions and applicable policies for consistent application and management of regulatory, operational and reputational risk. Before that, Mr. Korn was senior vice president and assistant general counsel for Citigroup Global Markets Inc. and was an attorney at several major law firms for more than 10 years.
Brian S. Korn practices in the Corporate and Securities Practice Group and is co-head of the firm’s Crowdfunding and Peer-to-Peer …
Kate L. Salley is an attorney in the Securities & Corporate Governance Group of Sullivan & Worcester's Boston office. Ms. Salley counsels public and private companies on securities law compliance and public and private securities offerings. In addition, Ms. Salley works with clients on mergers and acquisitions and general corporate matters.
Kate L. Salley is an attorney in the Securities & Corporate Governance Group of Sullivan & Worcester's Boston office. Ms. …
Bob is a corporate and securities lawyer widely known for his experience and creativity in various financing techniques.
Bob is skilled in representing issuers, investors and investment banks in a broad range of capital-raising transactions. He regularly leverages his long-standing relationships in the investment community to introduce clients to sources of capital, and has co-authored a book on the topic, Raising Capital: Private Placement Forms & Techniques.
He is equally well versed in representing corporate parties in mergers and acquisitions, and has extensive experience in negotiating a wide variety of financing transactions, including PIPEs, SPACs, and reverse mergers.
Bob is a corporate and securities lawyer widely known for his experience and creativity in various financing techniques. Bob is …
As a Corporate partner with Olshan, Ken is highly knowledgeable in the area of SEC reporting requirements and regulations.
Leveraging his extensive experience in securities law, Ken assists clients in fulfilling their SEC reporting requirements (including those falling under Section 16 of the Securities Exchange Act of 1934 and Rule 144 of the Securities Act of 1933) and other public company obligations. He also represents public and private companies in mergers and acquisitions, and in asset purchase and stock purchase transactions.
Ken has substantial general corporate experience as well, including the negotiation and drafting of employment, stockholder, partnership, and operating agreements.
Additionally, Ken has represented underwriters and placement agents in connection with public and private offerings, and public companies in connection with initial public offerings, secondary public offerings, regulatory compliance, corporate governance and securities law issues.
As a Corporate partner with Olshan, Ken is highly knowledgeable in the area of SEC reporting requirements and regulations. Leveraging …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world. Pepper Hamilton knows that no two players in the emerging funding market that encompasses both crowdfunding and peer-to-peer (P2P) online direct lending are alike. We work closely with each of our crowdfunding and P2P clients – platforms, investors and service providers, worldwide – to help them identify the legal issues that arise from their chosen approach to the market (for example, equity crowdfunding or P2P lending, or a combination of both), and then provide counsel regarding issues that arise as they enter the market and commence operations. We tailor legal solutions to their specific business objectives and market constraints.
About Sullivan & Worcester LLP
Sullivan & Worcester is a leading corporate law firm advising clients ranging from Fortune 500 companies to emerging businesses. With more than 185 lawyers in Boston, London, New York and Washington, D.C., the firm offers services in a wide range of areas, including corporate finance, banking, trade finance, securities and mutual funds, litigation, mergers and acquisitions, tax, real estate and REITs, private equity and venture capital, bankruptcy, environment and natural resources, climate change, renewable energy and water resources, regulatory law, and employment and benefits. For more information please visit www.sandw.com.
About Olshan Frome Wolosky LLP
Olshan Frome Wolosky LLP, a law firm based in New York, represents major businesses and entrepreneurs in their most significant transactions, problems and opportunities. Olshan’s clients range from public companies, hedge, venture capital, private equity and other investment funds to entrepreneurs and private companies worldwide. Clients choose Olshan for innovative strategies and sophisticated, game-changing advice in corporate, securities law, equity investment and shareholder activism, complex commercial, corporate and securities litigation, real estate, intellectual property, bankruptcy and creditors’ rights, and advertising. Since its founding, Olshan has offered an alternative to the AmLaw 50 law firm business model with responsive, independent and client-focused legal counsel provided by the firm’s senior lawyers.