The Securities and Exchange Commission Nov. 12 declined to put a stop sign in the path of the electronic “road shows” Charles Schwab & Co. Inc. plans to offer select customers across the country (Charles Schwab & Co. Inc., SEC No-Action Letter, 11/12/99).
Companies conducting initial public offerings frequently send out top executives to meet with groups of potential investors, hence the expression “road show.” Use of the Internet to conduct a road show will reduce some of the costs associated with IPOs and likely open up “attendance” to many more potential investors.
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