Press Release (IPO Pricing)

Summary

This precedent is a press release to announce the pricing of an initial public offering (IPO) of common stock of a Toronto Stock Exchange listed issuer. It includes practical guidance and drafting notes. Pricing is an important step in the IPO process, as the issuers and underwriters finalize the economics of the offering. It is the point in the IPO process at which the underwriting syndicate will enter into the underwriting agreement with the prospective issuer. This is information that prospective investors in the IPO will want to know. Counsel will need to ensure that details in the press release are consistent with information previously provided in a preliminary prospectus, any amended preliminary prospectus and the underwriting agreement. For information on Initial Public Offerings, see the: Initial Public Offerings Resource Kit. The following resources provide guidance on drafting the prospectus and related sample documents: Prospectuses: General Requirements, Prospectus Forms, ...