SEC amends IPO reporting rules to enhance investors’ decision-making

The SEC has amended the regulations governing the reporting of IPO share results with the aim of enhancing investor access to critical information. The amendments are designed to provide useful information for investors’ decision-making through timely disclosure, without imposing an undue burden on the issuer.

• The SEC has amended its IPO reporting rules to provide investors with critical information before the first trading day of IPO shares, aiming to improve investors’ decision-making.
• The amended regulations now require the submission of a supplemental report (81-1 Short-Form) with details on shareholders after the IPO and the top 40 IPO share recipients, to be submitted at least two business days before the first trading day or within 30 days after the offering closes.
• The new rules took effect from 1st March 2024 and apply to companies submitting effective securities…