Three Ropes Used to Pull Companies Onto the Stock Market. All Three Were Cut.
Microsoft, Google and Facebook didn’t all go public because they wanted to. A 1964 shareholder rule forced their hand. Part two of From the Filings traces how a 1996 law, the 2012 JOBS Act and repeatable tender offers cut the three ropes that once pulled young companies onto the stock market, and why IPOs now arrive in a company’s teens.
InIUX24 Research Team70 reads
From the Filings · No. 2 — A 1964 law, a 1996 law, a 2012 law and three companies' own words. Ten exhibits, eleven minutes. For education, not investment advice.
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TopicsIPOJOBS ActPrivate MarketsVenture CapitalTender OffersSecurities Regulation500 Shareholder Rule
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