• Triton

Government Shutdown Forcing Changes to IPO Process

In their article for Bloomberg, Elizabeth Fournier and Drew Singer discussed how the government shutdown is changing the standard process for companies filing to go public. Triton's Rett Wallace sees ways in which this might improve the transparency and disclosure during the initial filing of prospectus documents. “One thing I really like about this is maybe companies and underwriters will change behavior and commit to a price up front so all the math in the prospectus will be complete,” said Rett Wallace, chief executive officer of Triton Research Inc., which specializes in IPO research. “The preliminary prospectus, with a price range and all the key capitalization math still ‘TBD,’ strikes me as a major shortcoming in the current common practice.” Full article on Bloomberg - HERE