This press release template may be used to announce the pricing of an initial public offering (IPO). This template includes practical guidance, drafting notes, and optional clauses. Throughout the phases of an IPO, communications are restricted to ensure that offers are not made in violation of the Securities Act of 1933, as amended (Securities Act). This is true not only in the periods before the registration statement is declared effective by the Securities and Exchange Commission (SEC), but also in the so-called post-effective period, So, although an IPO pricing press release is issued after the SEC has declared the registration statement effective, the press release must still conform to the rules regarding permitted communications in an IPO. Accordingly, to ensure that the press release is not considered a “free writing prospectus,” this template is limited to the factual information allowed by the safe harbor in Rule 134 (17 C.F.R. § 230.134) under the Securities Act. If you add ...