Duane Morris (and my) client Myomo Inc., a medical robotics company, completed its initial public offering on June 9, 2017 under SEC Regulation A+ created under the Jumpstart Our Business Startups (JOBS) Act of 2012. The historic deal is the first Reg A+ IPO to...
The New York Hedge Found Roundtable, made up of professional investors who generally focus on "alternative investments," the other day said its members believe investing in cannabis companies is "appealing." The normal alternative investments one thinks of, derivative securities, hedge and private equity funds and...
IPO alternatives appear to be alive and well as we learn from press reports that unicorn music service Spotify may go public through a "self-filing." In my first book, over 10 years ago, I talked at length about the potential value of this very straightforward...
Got your attention? No it's not April 1 anymore so this is serious. But actually no big deal. Last Friday the SEC adopted some rules mandated by the Jumpstart Our Business Startups (JOBS) Act of 2012. Among them: implementing the use of the term "emerging...
If you don't know what the headline means, maybe just skip this one. Otherwise read on! Last week, the SEC approved a rule change that shortens the typical settlement period for public trading through brokers (known as "T+" for "trading plus") to two business days...
It appears the initial public offering market is indeed waking up. Last Thursday, Snap Inc. raised $3.4 billion in its IPO onto the New York Stock Exchange. OK not the biggest ever, since Alibaba raised almost $22 billion in 2014. But it's the biggest tech...
What a ride it's been. In March 2009 at the nadir of the last bear market, the Dow Jones Industrial Average hit 6547, the lowest it had been in 12 years. Today the Dow hit 20,000 for the first time. So if you invested at...
Update 1/24/2017- if you missed the webcast, the archived version can be found here. It's about an hour and a great intro/overview of Reg A+. I'm thrilled to be moderating a top-notch panel today in a webcast called "Bringing Back the Small Cap IPO: 2017 Reg...
I was honored Thursday to speak on a panel at the SEC's annual small business capital formation forum. I also co-moderated a breakout session developing recommendations to improve regulation of smaller reporting companies. My talk on the panel provided an update on Regulation A+ and...
As the fallout from the election of President-elect Donald Trump continues, Obama-appointed SEC Chair Mary Jo White announced yesterday that she will leave the SEC when Obama leaves office, though her term doesn't end until 2019. Chair White is an independent and while she has...