#Foreign issuers going public in the US may no longer file for an #IPO confidentially with the #SEC

The SEC is no longer going to permit foreign issuers to file confidentially for their IPO in the US.   There is no change, however, in the other advantages of being a foreign issuer, including following local rules regarding disclosure (such as executive compensation) and local proxy rules.  Here's a link to the SEC release:  

http://www.sec.gov/divisions/corpfin/internatl/nonpublicsubmissions.htm

Posted via email from John Bautista's posterous