Regulation A+ and the Mini-IPO: A Roundtable Discussion on Title IV of the JOBS Act

February 10, 2014

Washington, D.C.
By invitation only

Description

In response to a decline in small-company IPOs in the U.S. and related concerns surrounding access to capital, Title IV of the JOBS Act - commonly referred to as Regulation A+ - will enable companies to raise up to $50 million from the general public in any 12-month period. Before Regulation A+ and related changes to existing Regulation A can go live, the SEC must first finalize proposed rules. These rules were proposed on December 18, 2013, and are now available for public comment.

This roundtable discussion, convened by the Milken Institute Center for Financial Markets (CFM) in partnership with the Georgetown University Law Center, will explore the potential market impact and proposed SEC rules of Regulation A+.

First, it will explore how Regulation A+ and related changes to Regulation A may impact issuers from diverse industries looking to raise capital, investment funds and financial intermediaries, investors, and capital markets. Next, it will work through the SEC's proposed rules on issues including blue-sky pre-emption, eligible issuers, development of secondary markets, disclosures and ongoing reporting, and changes to Regulation A.

After the discussion, CFM will publish a white paper on the impact and regulation of Regulation A+ and draft an SEC comment letter to help inform the rulemaking process.

If you have any questions, please contact Julianne Brands at jbrands@milkeninstitute.org