Hi @DaveFisher
I think we can rely on my reference document, which @KingHoves has been able to confirm via other sources also, thanks KH.
That does indeed mean the company is in control of setting the date for the "Effectiveness" notice.
I think the BOD will be in communication with the underwriters, gauge the feedback and then agree on a Date of Effectiveness and then notify the SEC of the desired date.
Previously, I was under the impression that SEC was the decider.
I have also noted in my readings that the SEC does not judge the value or quality of an investment, its job is purely regulatory. FYI @JohnK123
The second part of your question
"so once when get the notice of effectiveness we could expect to list within days not weeks given that the roadshows are finished?"
The answer is Yes almost immediately.
In the case below the Effect, notice was issued on 25th June and trading started the same day.
I checked a company that I have been following GH Research https://docoh.com/company/1855129/GHRS
Guess when it started trading ? Same day![]()
This NASDAQ Listing / IPO is definitely a steep learning curve for me.
So going by this, trading starts then the offering closes a few days afterwards ?? Interesting...
So the first warning will probably be the "Registration of Securities on exchange" this preceeds the Notice of Effect, by a couple of days.
It appears that these notifications can appear on the SEC website at any time during their working hours
https://docoh.com/search?q=8-A12B
So I would suggest we look out for this notice ( Form 8-A12B ) because once the Notice of Effect arrives the show may have already begun!!
Good luck @DaveFisher
- Forums
- ASX - By Stock
- IHL
- IHL - INCANNEX - HOLDERS RESEARCH
IHL - INCANNEX - HOLDERS RESEARCH, page-176
-
- There are more pages in this discussion • 1,053 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IHL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online