SEC Proposes Sweeping Reforms to Modernize Public Company Offerings and Reporting Requirements

TLDR: The SEC proposed raising the large accelerated filer threshold from $700 million to $2 billion in public float. New public companies would receive a minimum five-year IPO on-ramp before facing heightened reporting requirements. Approximately 81 percent of all current public companies would qualify for expanded disclosure scaling accommodations. All non-accelerated filers would be exempt [...]

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