Module III· ECM — IPO ProcessAdvanced
Question

What are wall-crossing and stand-down in pre-IPO investor engagement?

Answer

Wall-crossing means bringing an investor over the information wall and giving them confidential / inside information under restrictions. The investor must agree not to trade until cleansed. Stand-down is the period during which the investor cannot trade or must refrain from activity after receiving inside information. These procedures protect against market-abuse risk.