Did you know the Securities and Exchange Commission is taking new steps to help pre-IPO companies get feedback from institutional investors? New rules proposed by federal regulators will let mega-startups seek early feedback about investor appetite for an initial public offering, allowing all pre-IPO companies to consult with qualified institutional buyers before filing paperwork to go public.
“It makes the process more informed. So when [companies] are ready to go to market, they have heard the investors’ concerns and have the time to address it.” – Goodwin Capital Markets Partner, Edwin O’Connor
In this issue of the Flash, partner Edwin O’Connor shares his thoughts on the SEC’s newly proposed “test the water” reform, and explains what it could mean for your startup. To learn more, please read Goodwin’s latest Client Alert: SEC Proposes Universal Access to “Testing-the-Waters” Exemption.
Also in this week’s Flash:
- Successful Entrepreneurs Create Something From Nothing (Forbes)
- 12 Ways to Streamline Communications With SaaS Vendors (Small Business Trends)
- How Entrepreneurs Can Help Developing Countries Hard Hit By Climate Change (Entrepreneur)
- Eight 'Harmless' Habits That Secretly Hinder Entrepreneurs' Success (Forbes)