$BCAP takes over $TGGI and can now effect a mini-I
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Entire article can be read at the link below.
Raising Capital With a Mini IPO Under Regulation A+: Is It Right for Your Company?
How Does a Mini IPO Work?
A Mini IPO—which some call a "Reg A+ offering"—allows you to raise money from everyone, including non-accredited investors (the masses), and sets two tiers for soliciting investment:
Tier I allows companies to fundraise up to $20 million within a 12-month period. Tier I offerings will not have "state preemption," which means that the security (e.g. equity) has to be registered in the state in which it will be sold. Formal audits and annual reporting is not required for Tier I fundraising. Potential investors can invest as much as they please into Tier I offerings.
What Types of Companies Should Consider Doing a Mini IPO?
Mini IPOs are best suited to companies that have developed a customer following or a strong social media presence. Think of a local restaurant or store chain with a few locations that wants to expand, or a consumer product in which venture capitalists and angels don’t yet see value. Many women’s products would fall into this category. Video gaming companies or celebrity-backed films could also benefit. A mini IPO also could be right for social impact, tech and biotech companies. These companies have the ability to go directly to their fans or potential users to raise money.
Stock Exchanges Needed
“What still needs to be developed is an after [secondary] market where shareholders can sell their stock to each other,” Albright says. Years ago, the NYSE was for large cap stocks, and the NASDAQ for small cap. NASDAQ now plays upstream with larger offerings. The OTC Markets Group has proposed a set of rules so Reg A+ companies could list with them. And new venture exchanges will likely also be launched as Reg A+ offerings become more popular.
http://quickbooks.intuit.com/r/raising-capita...r-company/