SEC Approves Less-Regulated Mini-IPOs Cheered by Hambrecht
The Securities and Exchange Commission (SEC) headquarters in Washington, D.C.
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U.S. regulators opened a new path Wednesday for small companies to raise money in less-regulated, mini public offerings.
Small businesses will be able to raise as much as $50 million from the general public without certain regulatory hurdles, such as approval from every state where the firm has investors. The Securities and Exchange Commission unanimously approved the rule.