By Tom Zanki (June 21, 2018, 4:26 PM EDT) -- Three years since the U.S. Securities and Exchange Commission approved revamped rules for Regulation A offerings, following a congressional mandate to revive a once-dormant capital-raising tool, dealmakers say these miniature-style initial public offerings remain a work in progress.
Data show that more issuers are using the registration exemption informally known as Reg A+ since the Jumpstart Our Business Startups Act in 2012 raised funding limits and removed other restrictions, breathing new life into a funding vehicle that had been barely used.
Notably, the JOBS Act raised the annual funding limit for Regulation A to $50 million — up from $5 million...
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