Senators Introduce Bill to Ease Path to IPOs
(Reuters) - Two senators introduced legislation on Thursday that would reduce the costs of going public for small and medium-sized companies by exempting them from certain regulatory requirements. Democrat Charles Schumer and Republican Pat Toomey said the exemptions would end either after five years, when the company reached annual revenues of a $1 billion, or had acquired $700 million in publicly traded shares.
2 December 2011•2 mins read
