Learning a bit about road shows. Some key points:

Learning a bit about road shows. Some key points:
- IPO road shows last 8 - 10 days but secondary offerings may take less time than IPOs.
- common cities to visit in the U.S. are Boston, Chicago, Los Angeles, and New York City
- Following the road show ... 1) "the final prospectus is created and distributed," 2) "an initial price for the offering is set," 3) "the IPO date is solidified"

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[IPO Road Shows] Typically, the road show consists of intensive meetings in many locations over a two-week period. At each stop along the way, your senior management will tell your company’s story and sell its investment merits to these various stakeholders. They will also address skeptics who pose challenges to the investment thesis.

The road show typically requires 8 and 10 long days in the US and may involve additional days in Europe or Asia, often with visits to multiple cities in a single day.

You often have 20 minutes or less to do your roadshow pitch.

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Road shows may be limited to one country or may include international stops. Within the United States, some common destinations include Boston, Chicago, Los Angeles, and New York City.

After the Completion of the Road Show
Once a road show is completed, the final prospectus is created and distributed to potential investors. This prospectus is also filed with the U.S. Securities and Exchange Commission (SEC). An initial price for the offering is set based on the information gathered during the book-building process, and the IPO date is solidified.

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Road shows vary in length, with some being as brief as a single telephone presentation to a large number of potential investors, while others require management to travel for several weeks, both throughout the US and abroad.

Road shows for IPOs are often longer and more extensive than road shows for follow-on offerings because of the limited history of public information about the issuer. PDF here: https://www.cravath.com/files/Uploads/Documen...419%29.pdf

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