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 (other than a public offering pursuant to a registration statement on Form S-4 or Form S-8) of the Equity Interests of any Parent Entity which generates cash proceeds of at least $100.0 million.

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

• Qualified IPO Holders of a majority of NewCo Equity shall have the right to require NewCo to initiate and diligently pursue in good faith a qualified IPO process (with no primary offering and otherwise on terms to be agreed) at any time after the 2nd anniversary of the Restructuring Effective Date.

• The rights and obligations of the Company Security Holders and the Company under Sections 2 (Board of Directors), 3 (Drag-Along Rights), 4 (Tag-Along Rights), 6 (Preemptive Rights), 7 (Conflicts of Interest), 8 (Additional Company Security Holders and Limitations on Transfers by Company Security Holders), 9 (Information Rights), 11 (Protective Covenants), and 23 (Issuances of Company Securities) shall terminate upon a Qualified IPO.

• In addition, subject to the terms and conditions of this Section 5.1, each Series A Preferred Unit will, immediately following and conditioned upon the payment of the Make Whole Premium, be automatically converted into Common Units in the event of a Qualified IPO.

• The Company shall mandatorily convert each Preference Shares into Equity Shares at the Conversion Ratio then in effect for such series upon the earlier of (i) immediately prior to the closing of a Qualified IPO, or(ii) the date, or the occurrence of an event, specified by vote or written consent or agreement of the Investors.

• In the event of a Qualified IPO each holder of any Series A Preferred Unit shall be entitled to receive the Make Whole Premium in respect thereof, in cash, or if elected by the holder thereof, equity interests issued in such Qualified IPO, the number of which equity interests shall be determined by dividing such Make Whole Premium by the lesser of (i) the Series A Conversion Price then in effect, and (ii) the price per Unit implied by such Qualified IPO.

More Definitions of Qualified IPO

Qualified IPO means a firm commitment underwritten public offering by the Company of shares of its Common Stock prior to or in connection with which all the then-outstanding shares of Preferred Stock are converted automatically 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 (the “Restated Certificate”);

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 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.

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 (i) one or more underwritten public offerings of Common Stock pursuant to one or more effective registration statements filed under the Securities Act of 1933, as amended, resulting in an aggregate of at least $25 million of net proceeds, after deducting underwriting discounts and commission and other expenses, to the Company or (ii) any merger, consolidation or other business combination transaction that results in any equity securities of the Company being registered under Section 12 of the Securities Exchange Act of 1934, as amended.

Qualified IPO means an underwritten public offering of the Equity Interests of the U.S. Borrower or any Parent Entity that generates gross cash proceeds of at least $50.0 million.