Market volatility has increased wall-crossing practices
among well-known seasoned issuers (WKSIs) seeking to build a
solid base of investors prior to offering equities to the
public. But US lawyers do not expect SEC plans
to enable underwriters to offer wall-crossed securities prior
to registration to come into effect.
Morrison & Foerster’s David Lynn told IFLR
he did not think the planned Rule 163 revision would go