Define: Initial Public Offering
the closing of the Company's first firm commitment underwritten initial public offering of Common Stock pursuant to a registration statement filed under the Securities Act.
the closing of the Company's first firm commitment underwritten initial public offering of Common Stock pursuant to a registration statement filed under the Securities Act.
Relevant Circumstances
- When a company completes its first firm-commitment underwritten public offering
- If conversion of preferred or convertible securities is triggered by IPO closing
- Where pre-IPO restructuring depends on a defined IPO event