US IPO guides and explainers

Plain-language guides to US IPOs: how an issue works, how allotment is decided, how to read offer documents filed with SEC, and IPO activity in numbers.

Latest · IPO basics

How a US IPO Works: From S-1 Filing to the First Trade

How a US IPO works step by step: confidential S-1 filing, SEC review, roadshow and price range, pricing, the 424B4 final prospectus, first trade and lock-up.

Oct 27, 20264 min read

Reading offer documents
What Is an S-1 Filing? How to Read a US IPO Prospectus
What an S-1 filing is, who files it, and how to read each section of a US IPO prospectus: summary, risk factors, use of proceeds, dilution, MD&A and financials.
Oct 27, 20264 min read

US IPO guides and explainers

How a US IPO Works: From S-1 Filing to the First Trade

What Is an S-1 Filing? How to Read a US IPO Prospectus