Deals
IPO Timelines Are Cut by 80% After SEC’s Private Filing Decision
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Blink and you’ll miss it. Initial public offerings that once took seven months to go from announcement to trading are now taking less than 50 days.
The streamlining is the result of the U.S. Securities and Exchange Commission’s decision to allow all companies to confidentially file early documents for IPOs. The process, originally meant to aid small businesses as part of the Obama administration’s Jumpstart Our Business Startups Act of 2012, was extended to all companies effective July 10. It’s part of regulatory attempts to make public markets more attractive and IPOs more efficient.