Regulation A+ (Section 3(b)(2)) Offerings: Stepping Stone to IPO, or IPO Alternative?

01/06/2014 10:00 a.m. - 11:00 a.m.

Capital Markets, IPOs, and Emerging Companies + Venture Capital

Teleconference

Anna T. Pinedo

Anna T. Pinedo

Speaking Engagement

Joseph Marano
jmarano@mofo.com
(212) 336-4316

For presentation materials, click here.

On December 18, 2013, the SEC proposed rules to implement the mandate of Title IV of the JOBS Act by creating a framework for Section 3(b)(2) offerings. The JOBS Act permits non-reporting companies to conduct "mini" public offerings, or Regulation A+ exempt offerings to raise up to $50 million in proceeds. A Regulation A+ offering may prove a compelling capital-raising alternative for growing companies and may be a useful stepping stone on the way to an IPO. For some companies, Regulation A+ may be a viable alternative to an IPO. We will discuss the proposed rule, as well as provide a perspective on the utility of Regulation A+ and on the Regulation A+ market.

Topics will include:

  • Basics of the proposed rule;
  • The offering process;
  • Disclosure requirements;
  • State securities law considerations;
  • Combining Regulation A+ offerings with other exempt offering alternatives;
  • Regulation A as a precursor to an IPO;
  • Regulation A as an alternative to an IPO; and
  • Secondary trading.

Speakers:

  • David Lynn
  • Anna Pinedo

New York and California CLE credit is pending.

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