More unicorns might finally IPO in 2018
January 17, 2018
Types : Bylined Articles
If the end of 2017 and beginning of 2018 represent an accurate implication of what is to come throughout the next year, we may be seeing a shift in mindset for the future goals of startup founders. And we may be able to thank (at least in part) the United States Securities and Exchange Commission.
In just a one month span between the end of 2017 and beginning of 2018, two late-stage unicorns (privately held companies that have a valuation of over $1 billion) have submitted confidential registration filings with the SEC. As I’ve previously written about here, the SEC changed its rule regarding confidential filings to allow all companies to file early regulatory documents confidentially in July 2017. The change expanded the Jumpstart Our Businesses Act of 2012’s (JOBS Act) confidential filing provision beyond small businesses in an effort to encourage later-stage companies to file for public offerings.
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