SEC and Other Developments Affecting Private Capital Markets

For a number of years now, significantly more capital has been raised by companies in the US private markets than in US SEC-registered offerings. In IFLR’s recently published book, A Deep Dive into Capital Raising Alternatives, changes brought about to the exempt offering framework by the JOBS Act are discussed.

The JOBS Act resulted in more companies remaining private longer and relying on successive private placements to raise proceeds to fund their continued growth. In fact, some late-stage or pre-IPO private placements have raised proceeds in the billions. Private capital, especially for late-stage companies, has remained available despite the pandemic. In recent years, the SEC has sought to reform the legal framework applicable to private placements.

During this webcast, we will discuss:

• The market for late-stage or pre-IPO private placements in the US;
• The recent changes to the accredited investor and the QIB definition, which are central to US private placements;
• The SEC’s Concept Release on exempt offerings;
• SEC discussions relating to retail participation in the private markets through fund vehicles; and
• The SEC’s final amendments to the exempt offering framework adopted on November 2, 2020. 

Speakers

• Ryan Castillo, Mayer Brown
• Kevin Gsell, Nasdaq
• Lizzie Meager, International Financial Law Review 
• Anna T. Pinedo, Mayer Brown
• Angus Whelchel, Moelis & Company

Tuesday, November 17, 2020

United States
11:00 a.m. – 12:00 p.m. EST
10:00 a.m. – 11:00 a.m. CST
9:00 a.m. – 10:00 a.m. MST
8:00 a.m. – 9:00 a.m. PST

Europe
4:00 p.m. – 5:00 p.m. GMT
5:00 p.m. – 6:00 p.m. CET

For additional information, please contact Melissa Pfeuffer at mpfeuffer@mayerbrown.com or +1 212 506 2344.