Practical Law Glossary Item 4-384-4095 (Approx. 3 pages)
Glossary
Rule 144A Offering
This term is a bit of a misnomer since Rule 144A applies only to resales of securities and cannot be used by an issuer. However, this term is generally used to refer to an offering that takes two steps:
The concurrent resales of those securities by the initial purchasers to qualified institutional buyers under Rule 144A. In these resale transactions, the initial purchasers act in substantially the same role as the underwriters of an SEC-registered offering.