SEC's 'Test The Waters' Expansion Could Spur More Offerings
Law360 (October 11, 2019, 12:03 PM EDT) -- The U.S. Securities and Exchange Commission’s decision to allow all companies to pursue “testing-the-waters” communications with institutional investors before registering their offerings is welcomed by corporate attorneys, who say the policy could spur more deal-making, though investor groups are skeptical that the public will benefit from the rule change.
How much of an impact the new SEC’s policy will have remains unclear, given that law already allows many companies to “test the waters” — meaning they can initiate preliminary discussions with select investors to gauge market interest before or after filing their registration statement.
The Jumpstart Our Business Startups Act of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!