Next SEC Chairman Can Prime IPO Pump

“I don’t think an IPO has happened over the past couple of years below 500 million dollars.”

That observation by Robert Kaplan, Jr. — a partner with Kaplan Voekler Cunningham & Frank — about the dearth of small initial public offerings by small and mid-sized U.S. businesses, is the best argument for the Securities and Exchange Commission and its next Chairman Elisse Walter to speed up the agency’s rulemaking to implement certain aspects the bipartisan Jumpstart Our Business Startups Act, or JOBS Act, signed into law by President Obama in April.

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