In a private placement, the issuer has to avoid reaching out to a large number of potential investors to avoid the risk that the SEC declares that it is in fact a public offering and demand that the offering gets registered with the SEC. What is the maximum number of offerees that industry practice dictates not to go over in a private placement offering? O 10 O 100 O 1000 O 10000

In a private placement, the issuer has to avoid reaching out to a large number of potential investors to avoid the risk that the SEC declares that it is in fact a public offering and demand that the offering gets registered with the SEC. What is the maximum number of offerees that industry practice dictates not to go over in a private placement offering? O 10 O 100 O 1000 O 10000

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 3Q

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