When does the pre-pricing call take place?

The pre-pricing call is typically scheduled 1 day before pricing is to occur. This call serves as a crucial communication tool for all parties involved, including underwriters, issuers, and financial advisors, to review current market conditions, finalize pricing structures, and discuss any last-minute adjustments or strategies. Conducting the pre-pricing call one day prior allows the team to be responsive to the latest market trends, ensuring that all participants have the most up-to-date information to make informed decisions during the actual pricing event. This timing is essential to align everyone's expectations and to ensure smooth communication just before the pricing takes place.