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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 Sep 6, 2013 2:13 PM Flag

    Underwriter quiet period?

    I think there is some kind of "quiet period" underwriters follow related to a follow-on offering (as well as IPOs), but I don't know specifics and am too lazy to try to find out.

    My interest is JP Morgan joining the underwriter list on the last common offering. I wonder if the research department is waiting for a quiet period to end before initiating coverage of NRF (with a buy recommendation, of course). Such coverage and recommendation, if it comes, would be a huge boost to NRF's visibility and price.

    If such a quiet period exists, I doubt it is longer than 30 days. If this speculative hunch is correct (more like a feeling in my bones), JPM could speak next week.

    Even if they don't, 21 cents in Nov will speak for itself. I can wait.

    Anybody got cited facts on underwriter quiet period?

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