02 May 2023
Capital Markets Correspondence: 10b-5 Letter (IPO)
Also known as negative assurance letters,10b-5 letters are provided to the underwriters in an initial public offering (IPO) and state that, after reasonable investigation, nothing has come to the issuer’s counsel’s (or underwriters’ counsel’s) attention that leads them to believe the registration statement or prospectus contains a misleading statement or omission. Use this template to draft an appropriate letter for your client’s next offering.
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