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How much does a Regulation A+ IPO cost?

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IPO costs

This is what you should expect in terms of costs if you decide to conduct an IPO via Regulation A+;

  • Legal fee: $90k (partially paid upfront)

  • Underwriter fee: 8% of the portion of capital they raise plus warrants and a lower fee for the online capital raised of 2%

  • Marketing costs: $50k-250k  and up. Expect 2% to 6% of the capital raised online (partially upfront)

  • Underwriter fee: 30k-50k (upfront)

  • Manhattan Street Capital Fees: To see our detailed fee description, please click here.

  • Audit (going back 2 years) at on filing Reg A+, at US GAAP level, PCAOB level audit required for post listing reporting periods.

  • The annual fee on the NASDAQ is around $40,000, and $60,000 and above on the NYSE.

  • To list the company on the OTCQB marketplace, the cost of registration and ticker is $2,500 paid to OTC Markets. Higher price for OTCQX - $20k. Note that most Reg A+ Tier 2 offerings that complete qualify to list on the OTCQB in a regular Reg A+ with lower fees and the lighter reporting burden inherent to Reg A+, not S-1 level reporting

  • The annual fee on the OTC costs $10,000 per year for the QB – paid to OTC Markets. Higher price for OTCQX.

  • DTCC Filing fee to make your stock easier to transfer to investor brokerage accounts, $12k-18k.

 

You might be interested in our FAQ that explains the Regulation A+ IPO process in details.  We have broken up the process into steps and illustrated it with a summary view flowchart.

 

Related Content:

NASDAQ listing requirements

IPO Consulting Service from Manhattan Street Capital

Timeline Schedule for a  Regulation A+  IPO