CP 328 Initial public offers: Relief for voluntary escrow arrangements and pre-prospectus communications
Released 24 February 2020. Comments close 6 April 2020.
This consultation paper is about reducing red tape for initial public offers (IPOs). It sets out our proposals to grant legislative relief for:
- voluntary escrow arrangements requested by public companies, professional underwriters and lead managers in connection with an IPO; and
- companies' communications to employees and security holders about an IPO before the company lodges a disclosure document.
We are seeking feedback from law firms, industry, security holders and other stakeholders on our proposals.