Regulating Public Offerings of Truly New Securities: First Principles

  • MERRITT B. FOX
  • Published 2016

Abstract

The public offering of truly new securities involves purchases by investors in sufficient number and in small enough blocks that each purchaser’s shares can reasonably be expected to be freely tradable in a secondary market that did not exist before the offering. Increasing the ability of small and medium-sized enterprises (SMEs) to make such offerings has… (More)

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