SEC Staff Moves to Ease IPO Registration Process

By Phyllis Diamond, Bloomberg BNA

The Division of Corporation Finance will now permit all companies to submit draft registration statements for initial public offerings for review on a non-public basis, the Securities and Exchange Commission said June 29.

The new process, effective July 10, will be available for IPOs as well as most offerings made within a year of when a company enters the public reporting system, the agency said in a release.

The move will make it easier “for more companies to enter and participate in our public company disclosure-based system,” division director William Hinman said.

Earlier in June, ...