Skip to main content

Training Guide

The IPO Process


Training Guide

The IPO Process

Securities Offerings
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.

Prepare Yourself

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

  • still frame from IPOs


    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.

  • Icon of a document


    The IPO Process


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.

Contact us at if you’re interested in a free consultation about remote training for your firm.

Log in or sign up at