House Weighs $30M Cap For Fast-Tracking IPOs

Law360, New York (December 8, 2010, 5:27 PM EST) -- A U.S. House of Representatives panel on Wednesday mulled raising the limit at which small companies can fast-track their initial public offerings from $5 million per offering to $30 million or higher, a move that supporters say could give more companies much-needed access to U.S. capital markets.

The House Financial Services Committee heard testimony on the yet-to-be-introduced proposal, which, as outlined during the hearing by Rep. Anna Eshoo, D-Calif., would amend U.S. Securities and Exchange Commission Regulation A — which allows companies to offer securities publicly...
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