This course is for business, technology, compliance, and other professionals without a legal background who want to understand how U.S. companies raise capital under federal securities law. You will start with public offerings: why the Securities Act of 1933 requires registration, how an IPO works from the decision to go public to the start of trading, and what registration statements and prospectuses disclose. You will also examine the rules that reduce burdens for emerging growth companies and established issuers, restrict communications during an offering, and create liability for inaccurate disclosure, and you will compare IPOs with SPACs and direct listings. You will then study when companies can raise money without registration, including private offerings under Regulation D, the accredited investor definition, Regulation Crowdfunding, and intrastate offerings. Throughout, you will see how the rules balance capital formation with investor protection.