The New IPO: a 144A With a Promise

Sargent, Carolyn
January 2005
Investment Dealers' Digest;1/24/2005, Vol. 71 Issue 3, p7
Trade Publication
The article focuses on the capital-raising model pioneered by Friedman Billing Ramsey Group Inc. for real estate investment trusts. The technique-in which companies sell stock privately with the promise that the shares will be registered with the Securities and Exchange Commission for resale as public securities, usually within a year, also provides investment banks the opportunity to form crucial relationships with developing companies earlier than they would otherwise.


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