CII’s updated dual-class list finds that 43% of the 94 IPOs launched in 2021 that included dual-class structures also incorporated time-based sunsets under which these structures eventually expire.
The SEC will release three proposals next week, reports The Wall Street Journal.
Sen. Pat Toomey (R-Penn.) and Rep. Patrick McHenry (R-N.C.) sent SEC Chair Gary Gensler a letter January 10 asking him to immediately extend all comment periods for the SEC’s “proposed rules of significance” to at least 60 days, including reopening the comment filing for those rulemakings with shorter comment periods that have closed prematurely.
In his annual letter to CEOs, BlackRock Chair and CEO Larry Fink discussed the changing workplace, the surge in privately funded companies and navigating the global energy transition.
Throughout the half-trillion-dollar SPAC boom that took off in 2020, investors have increasingly wondered why investor protections differ so substantially between the traditional IPO and the SPAC route to going public, given their common function.
The SEC is seeking candidates for its Investor Advisory Committee (IAC).
Microsoft’s board announced it is hiring law firm Arent Fox to review the effectiveness of the company’s sexual harassment and gender discrimination policies.