Module III· ECM — Follow-on, ABB, Rights IssueIntermediate
Question

What is wall-crossing, and why is it relevant in ABB preparation?

Answer

Wall-crossing brings selected investors into confidential information before launch, restricting their trading. It is relevant in ABBs because banks need to test demand quickly while avoiding leaks and market-abuse risk. Proper scripts, compliance approvals, NDAs / consent, restricted lists, and cleansing procedures are essential.