Use the Chapters list below to select the part of the video you want to watch.
Chapters:
- Reg A+ IPO and Direct Public Offerings options
- Reg A+ as an Easier and less costly method for going public
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The content in this webinar is not and shall not be construed as investment advice. This information is meant to be informative and for general purposes only.
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Rod Turner
Rod Turner is the founder and CEO of Manhattan Street Capital, the #1 Growth Capital service for mature startups and mid-sized companies to raise capital using Regulation A+. Turner has played a key role in building successful companies including Symantec/Norton (SYMC), Ashton Tate, MicroPort, Knowledge Adventure, and more. He is an experienced investor who has built a Venture Capital business (Irvine Ventures) and has made angel and mezzanine investments in companies such as Bloom, Amyris (AMRS), Ask Jeeves, and eASIC.
www.ManhattanStreetCapital.com
Manhattan Street Capital, 5694 Mission Center Rd, Suite 602-468, San Diego, CA 92108.
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Whereas in a Reg A+, we're raising money online from the date that the SEC qualifies the offering, and we don't actually have to list the company. So we can list the company via an underwritten IPO at the right time in the process or via a direct listing, which is not generally known, uh, but to, to be able to do it that way.
The big benefit is that when the IPO window is closed, you hear that phrase a lot. Pardon? My hands disappearing. Look at that. The back, the, the background image is, is nicer than my real, my real room situation here. But it's, you're losing some of my limbs in the process. But in any case, um, you know, you hear the phrase, the IPO window is closed, which doesn't mean the SEC won't accept any findings for IPOs. It means that the underwriters won't sign you up and deliver anything for you because the market's too tough for them to raise money. So in the event that we are marketing a company, uh, together with, with our client, I is to say our client company is marketing itself and we're assisting them to raise money in a Reg A+ when it's a compelling offering, we can raise money in this market. We can raise money in the market the way it was last year. We're not the, the IPO window does not close. So that's a lovely, lovely thing. It's not a ma it's not a matter of theory. It's a matter of practice.
Yeah. And, and it, it, it provides a path. This is so exciting, so exciting. You know, the Dodd-Frank and Sarbanes Oxley made it so expensive for big companies to be public that we've seen a transition, we've seen capital moving out of the public markets into the private markets, but some of the rules for smaller business, those are a little easier for public companies. And this provides a path for the smaller companies to get public more affordably and Absolutely. And b listed on NASDAQ as a micro cap stock. And this is like the real deal, right? This is, this is exciting stuff.
Yes, it is. And as a, you know, again, on a pragmatic level, when you do a direct listing, essentially you have already raised the money from enough investors that you can list the company you don't need, need to use an underwriter. So you save, you know, 88.5% commissions and warrants and other expenses and front loaded expenses. The most, the most painful part, uh, when you're, when you're doing a direct listing. So not only is the, is the IPO window never actually closed, it's also, it could also can be a less expensive method of raising money. And it's certainly a lot less expensive on the front end.
THIS TEXT TRANSCRIPT HAS ERRORS IN IT THAT WERE CAUSED BY THE SPEECH TO TEXT CONVERSION SOFTWARE WE USED. DO NOT DEPEND ON THE TEXT TO BE ACCURATE. WATCH THE RELEVANT PARTS OF THE VIDEO TO MAKE SURE YOU ARE PROPERLY INFORMED. DO NOT DEPEND ON THIS TEXT TRANSCRIPTION TO BE ACCURATE OR REFLECTIVE OF THE STATEMENTS OR INTENT OF THE PRESENTERS.
