White House Plans to Make IPOs Easier

Sometimes, election years benefit business. As we march toward the big day in November, the White House appears eager to show some initiative. According to the FT, the Obama administration is planning new measures that will make it easier for smaller companies to go public. Among them are the relaxation of existing anti-fraud regulations and allowing them to raise funds from individual investors – sans the prevailing restrictions on selling securities.

Of course, the plan will have to get through Congress.

The plan comes as start-ups and their service providers across the country have sought relief from the '500 shareholder rule' that is effectively forcing Facebook to file for its IPO this year.

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Source: FT

Photo: Tom Lohdan via Flickr