Testing-the-waters

{
  "id": "MLC-T-LAW-004900",
  "term": "Testing-the-waters",
  "field": "Law",
  "definition": "A preliminary communication with potential investors to gauge their interest in a possible initial public offering (IPO) or other securities offering, before formally filing a registration statement with the Securities and Exchange Commission (SEC). This practice, permitted under the JOBS Act for emerging growth companies, allows companies to assess market demand without incurring full regulatory costs. It is subject to specific rules regarding the content and recipients of such communications.",
  "url": "https://mlchart.com/terminology/law/testing-the-waters/"
}