In a draft circular, the SEC said issuers must make sure that cornerstone investors are not provided with any material information beyond what is contained in the company’s final prospectus.
Cornerstone investors refer to investors who agree in advance to subscribe in a forthcoming IPO. They are usually brought into the process ahead of the formal book-building period.
Esta historia es de la edición January 22, 2024 de The Philippine Star.
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Esta historia es de la edición January 22, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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