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I am not talking about Shopify specifically, the reason it's relevant is because they are IPOing using a new set of rules based on the JOBS act. This IPO would
by ditonal 11y ago
I am not talking about Shopify specifically, the reason it's relevant is because they are IPOing using a new set of rules based on the JOBS act. This IPO would not have been possible even two months ago. Read the filing and read more about the JOBS act and "IPO-lites." Even if Shopify is not a bad investment, the point stands that smaller companies under less scrutiny being sold to the public opens up big avenues for fraud and pump-and-dumps.
- walterbell 11y agoCould you provide a pointer to the section of their filing which identifies the new rules?
- ditonal 11y agoJust search for JOBS in the filing itself, I've quoted it a few times in other comments. Here's a link talking about the regulatory change: http://ww2.cfo.com/regulation/2015/03/sec-approves-new-rules-for-ipo-lite-offerings-regulation-a/ http://ww2.cfo.com/regulation/2015/03/sec-approves-new-rules...