Qualified IPO definition

Qualified IPO means the issuance by Holdings or any direct or indirect parent of Holdings of its common Equity Interests in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission in accordance with the Securities Act (whether alone or in connection with a secondary public offering).

Qualified IPO means an underwritten public offering of the Equity Interests of the Borrower, Holdings or any Parent Entity which generates (individually or in the aggregate together with any prior underwritten public offering) gross cash proceeds of at least $70,000,000.

Qualified IPO means a firm commitment underwritten public offering of Class A Common Stock for cash pursuant to a registration statement under the Securities Act where the aggregate proceeds to the Company prior to deducting any underwriters' discounts and commissions from such offering and any similar prior public offerings exceed $200 million.

Examples of Qualified IPO in a sentence

• None of Holdings (prior to a Qualified IPO), the Borrower and the Subsidiaries is required to be registered as an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

• The Equity Interests of the Borrower owned by Holdings (prior to a Qualified IPO) are free and clear of Liens, other than Liens permitted by Article VIA.

• The purchase and sale of the Shares shall take place at the location and at the time immediately subsequent to the closing of the Qualified IPO (which time and place are designated as the “Closing”).

• The Company shall use its best efforts to assist each Holder in the sale or disposition of its Registrable Securities after a Qualified IPO, including the prompt delivery of applicable instruction letters by the Company and legal opinions from the Company’s counsels in forms reasonably satisfactory to the Holder’s counsel.

• The Right of Participation shall terminate upon the closing of a Qualified IPO.

More Definitions of Qualified IPO

Qualified IPO means a sale by the Company of Shares in an initial underwritten (firm commitment) public offering registered under the Securities Act of 1933, with gross proceeds to the Company of not less than $300 million, resulting in the listing of the Shares on a nationally recognized stock exchange, including without limitation the Nasdaq Stock Market.

Qualified IPO shall have the meaning set forth in the Restated Certificate.

Qualified IPO has the meaning given to such term in the Memorandum and Articles.

Qualified IPO means a firm commitment underwritten public offering by the Company of shares of its Common Stock with aggregate offering proceeds of at least $10 million, at a Company’s valuation of at least $50 million, in connection with which all the then-outstanding shares of Preferred Stock are converted into shares of Common Stock pursuant to the Company’s Restated Certificate of Incorporation as such Restated Certificate of Incorporation may be amended from time to time;

Qualified IPO means the closing of the first firm commitment underwritten public offering of Ordinary Shares of the Company with a listing on an Eligible Exchange; provided that a Qualified IPO shall be conducted at a public offering price per share that values the Company at a total post-money market capitalization of no less than US$450 million and shall result in minimum gross proceeds to the Company of US$45 million (before deduction of underwriting discounts and registration expenses).

Qualified IPO means a bona fide underwritten public offering of the IPO Securities (a) in which such stock is listed on a Principal Market, (b) for gross proceeds at least equal to the initial principal amount of the Notes, and (c) that represents 5% or greater of the Issuer’s market capitalization as of the closing date of the offering; provided, however, if the gross proceeds for such offering are greater than $5 billion, the requirement in clause (b) will not apply.

Qualified IPO means a public offering of the Shares by the Company the aggregate gross proceeds of which attributable to sales for the account of the Company, when combined with the gross proceeds attributable to sales for the account of the Company from all previous public offerings of Shares by the Company, if any, exceed $50 million in the aggregate, and the Shares in such offerings are listed for trading on either the New York Stock Exchange or the NASDAQ Global Market.