Skip to Main Content
Regulation A+ and Other Alternatives to a Traditional IPO
book

Regulation A+ and Other Alternatives to a Traditional IPO

by David N. Feldman
March 2018
Intermediate to advanced content levelIntermediate to advanced
176 pages
6h 31m
English
Wiley
Content preview from Regulation A+ and Other Alternatives to a Traditional IPO

CHAPTER 5Offering Statement and Light Reporting Preparation; Testing the Waters

Now you are ready. The JOBS Act and SEC rules are written and finalized and the state lawsuit was dismissed. To get the job done, however, you have to understand the new rules and how they work.

For those who are not as excited about learning all the nuances of the new rules, there is good news. If your company is planning to be a full reporting company following the IPO and not planning on utilizing light reporting, you already know most of what you need to do if you have experience working with traditional IPOs and public companies.

That is because the only way to become full reporting upon your Reg A+ IPO is to include full Form S‐1 level disclosure in your Offering Statement. If you have worked on S‐1s, just follow the same rules you always have. Once you are public and fully reporting, you operate the same as all other companies that choose full reporting either because it is a requirement of an exchange or by choice to please analysts or other investors. Thus, for Reg A+ issuers planning exchange listings, your transaction and post‐IPO reporting can work nearly identically to a traditional IPO. The one exception, as previously noted, is that the age of a company's financial statements can be more than with a traditional S‐1. As long as the financials are no more than nine months old, the Reg A+ offering, even to a national exchange, can proceed.

So why bother using the new regime at all in ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Zero to IPO: Over $1 Trillion of Actionable Advice from the World's Most Successful Entrepreneurs

Zero to IPO: Over $1 Trillion of Actionable Advice from the World's Most Successful Entrepreneurs

Frederic Kerrest
International GAAP 2021

International GAAP 2021

Ernst & Young LLP
Better Business, 5/e

Better Business, 5/e

Michael R. Solomon, Mary Anne Poatsy, Kendall Martin

Publisher Resources

ISBN: 9781119416159Purchase book