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If the price for an IPO (an initial public offering) increases in the first day of trading, it is considered a hot issue. Owners and employees of brokerdealers and other industry insiders are prohibited from participating in hot issues. A prohibited owner or employee is generally allowed to begin trading in the aftermarket. The trading that occurs after an initial public offering (IPO) is the aftermarket.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified ipo lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local ipo attorney to discuss your specific legal situation.