Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 08 - Securities
Article 2 - Registration and Notice of Securities
3 AAC 08.140 - Offering price

(a) In applications for the registration of securities by qualification or coordination the offering price of the issue sought to be registered must bear a reasonable relationship to the established public market price if an established price exists. The issuer must submit information justifying the adequacy of that public market, including the public market price, the number of shares owned by public shareholders, the names and locations of the dealers regularly making a market in the shares, and the newspapers and financial publications where the shares are regularly quoted. If the price/earnings multiple of the issuer has changed significantly during that period, information must be submitted accounting for that change.

(b) In applications for the registration of securities if a public market price has not been established, the offering price of the securities sought to be registered must bear a reasonable relationship to one or more of the following:

(c) The administrator will, in the administrator's discretion, accept an underwriter's pricing memorandum prepared in connection with the proposed offering and submitted to satisfy the requirements of this section for submission of information.