The very first sale of stocks to the public is called an initial public offering (IPO), and occurs on the primary market. Corporations sell stock to the public as one way to raise capital. Before it can issue new stock, a corporation must first file registration statements with the Securities and Exchange Commission (the SEC). A twenty day wait is required before it can sell the stocks.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified ipo lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local ipo attorney to discuss your specific legal situation.