In United States securities law, the quiet period (or waiting period) has "historically, a quiet period of time extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement effective. During that period, the federal securities laws limited what information a company and related parties can release to the public."
Under the rules of the Securities Act of 1933, as modified June 29, 2005, electronic communications, including electronic road shows and information located on or hyperlinked to an issuer's website are also governed. The rules changes of June 29, 2005 also included various changes which "liberalize permitted offering activity and communications to allow more information" for certain qualifying organizations.
In business finance, a waiting period (or quiet period) is the time in which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially. It is also called the cooling-off period.
Read more about Quiet Period: Guidelines
Famous quotes containing the words quiet and/or period:
“Anyone can see that to write Uncle Tom’s Cabin on the knee in the kitchen, with constant calls to cooking and other details of housework to punctuate the paragraphs, was a more difficult achievement than to write it at leisure in a quiet room.”
—Anna Garlin Spencer (1851–1931)
“In a period of a people’s life that bears the designation “transitional,” the task of a thinking individual, of a sincere citizen of his country, is to go forward, despite the dirt and difficulty of the path, to go forward without losing from view even for a moment those fundamental ideals on which the entire existence of the society to which he belongs is built.”
—Ivan Sergeevich Turgenev (1818–1883)