Training Guide

The IPO Process

Training Guide

The IPO Process

Topic: Securities Offerings
Duration: 1 hr
Format: Remote or in person

What’s Covered

Benefits of an IPO
Organization and due diligence
The registration statement and other deal documents
SEC review and comment
Deal launch and marketing
Pricing and Closing

Before the Session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

https://www.hotshotlegal.com/trainings/the-ipo-process/attendee

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

Course

The IPO Process

An overview of the initial public offering process, including a discussion on due diligence, preparing and filing the registration statement, the SEC review and comment process, pricing and closing.
Exercise

The IPO Process
PDF

During the Session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

What are the advantages of going public vs. staying privately held?
What topics are discussed at the first organizational meeting for an IPO?
What is an initial registration statement and when is it filed?
What is the scope of the SEC’s review of the initial registration statement?
In addition to the registration statement, what other deal documents are important in an IPO?
What is a “roadshow” and when does it occur?
How and when is the offering price determined?
What happens at the closing of the IPO and when does it occur?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the Session

To continue their learning, attendees can check out related courses in Hotshot’s Securities Offerings topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.