Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/69/)
As the institutional crowdsourced capital market becomes a more important source of finance for emerging growth companies, the role of late-stage private “pre-IPO” investors will become increasingly critical for providing the capital necessary to clean up cap structures, consolidate shareholdings, secure intellectual property, and otherwise ready a company for its entry into the public markets.
A group of nine Senate Democrats have joined 20 of their colleagues in the House to formally protest the SEC’s rule proposal to reform Regulation A, as mandated by Title IV of the JOBS Act, which would define investor eligibility so broadly as to render all offerings exempt from state-level review.
Emerging growth companies (EGCs) made up the majority of new IPOs in 2013 according to a study released by the capital markets practice group at Proskauer Rose.
With no announcement and little notice, the Depository Trust Corporation in mid-August filed a Notice of Withdrawal with the SEC to withdraw its December 2013 proposal to adopt rules instituting notice and appeal procedures for issuers whose shares are “chilled” or “locked out” by the securities settlement and clearing agency.
