Capital Raising Guide

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United States · Capital Markets

Capital Raising Guide

Registered public capital raising in a strictly factual, U.S.-securities-law frame.

Part of the IPO Center's United States resources. The facts on this page follow the official text of the authorities cited below, each linked for verification.

Key facts

What the official sources actually say

Every statement below maps to a primary source listed at the bottom of this page.

01

Registration is the gateway

The Securities Act of 1933 is disclosure-oriented: it requires that investors receive significant information concerning securities offered for public sale.

02

No merit approval

The SEC does not guarantee an investment or approve the merits of an offering; registration is about disclosure.

03

Exchanges are regulated self-regulators

U.S. securities exchanges are self-regulatory organizations registered with and overseen by the SEC.

04

The public record is open

Registration statements, prospectuses, and periodic reports are publicly available through EDGAR.

Where this sits in the IPO path

Capital Markets

01RegisterThe Securities Act of 1933 requires registration of public offerings so that investors receive significant information about the securities being offered.
02OfferThe offering proceeds on the basis of the registered prospectus, with underwriting arrangements disclosed in the filing.
03TradeAfter listing, the company's securities trade on an exchange and the issuer reports under the Exchange Act.

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Official materials

Primary Authorities and Official Materials

The official materials referenced on this page. View the complete library ›

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