February 21, 2024
SEC Small Business Capital Formation Advisory Committee to Meet Next Tuesday
The SEC announced that the Small Business Capital Formation Advisory Committee will meet next Tuesday to discuss the accredited investor definition (again) and the state of the IPO market. The public can watch the live meeting via webcast on www.sec.gov. As the agenda for the meeting notes, after the opening and remarks and an update from SEC’s Office of the Advocate for Small Business Capital Formation, as a follow up to the Committee’s November 29, 2023 discussion, the Committee will deliberate possible recommendations related to the accredited investor definition. In the afternoon, following remarks from Allison Wise, Acting Director, SEC’s Office of Minority and Women Inclusion, the speakers plan share data and their views on the state of the IPO market, trends, and factors that may be at play in the decline in IPOs. As part of this discussion, the Committee will address how decreased IPO activity and market shifts are impacting smaller companies (including growth and exit strategies) and related capital raising challenges.
– Dave Lynn