A period of time during which underwriters and company insiders are not allowed to tackle the company’s prospectus outside of the details included in the prospectus. The company may not publicly disclose any information or intimation about its activities or its financial state.

The quite period starts with the filing of the preliminary prospectus for conducting a future initial public offering (IPO), and typically ends 25 calendar days after the IPO. The quiet period is the final stage of the IPO process after which underwriters can discuss on the valuation of the offering and provide income forecast of the issuing company. The standard quiet period may be shortened under specific circumstances.