The Securities and Exchange Commission wants to encourage more companies to go public. More IPOs, the thinking goes, can be good for the economy. Starting today, the government has instituted a new rule allowing all companies, regardless of their size, to file IPO paperwork confidentially. The filings don’t become public until about 15 days before a company’s road show. These nonpublic filings became an option for “emerging growth” companies back in 2012, but until today, weren’t available to companies with revenues of more $1 billion. Will the change encourage a new rash of offerings?
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