A Prerequisite: Pre-IPO Private Placements

11/17/2015 08:30 a.m. - 09:30 a.m.

Capital Markets, Investment Management, Banking + Financial Services, and Financial Institutions + Financial Services

Morrison & Foerster LLP
250 West 55th Street
New York, NY 10019

James R. Tanenbaum and Anna T. Pinedo


Download Presentation Materials

Trevor Starer
(212) 336-4310

Listen to Presentation

Many successful privately held companies considering their liquidity opportunities or eyeing an IPO now turn to a pre-IPO private placement.  Especially in certain industry sectors, a pre-IPO private placement that includes well-respected institutional investors has become a prerequisite to an IPO.  We will discuss the evolution of this trend and discuss the structuring and other considerations for issuers contemplating such a financing.  We will address:

  • Timing and process;
  • Diligence, projections and other information sharing;
  • “Cleaning up” the cap table and providing liquidity to existing securityholders through a secondary component;
  • Terms of the security, such as liquidation preference;
  • IPO and acquisition protection;
  • Governance issues;
  • Valuation issues;
  • The placement agent’s role; and
  • Planning for the IPO in your negotiations.



Find MoFo Info

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2016 Morrison & Foerster LLP. All rights reserved.