Gregg Amber was quoted in a December 12, 2016 article in Law360 about private companies seeing their capital-raising avenues expand in 2016 — aided by the enactment of landmark rules governing equity crowdfunding and the defeat of a legal challenge that threatened to block so-called mini-initial public offerings. Even though the private-capital raising landscape continued to evolve over the past 12 months, Amber said it does not seem to be gaining a lot of traction.
“I think that’s largely because the way the rules operate — it’s just too prohibitive for the small amount of capital you can raise,” said Amber.
He told Law360 that his experience is Reg A+ deals have gained “a fair amount of interest but not a lot of action. The cost savings aren’t that much compared to a traditional IPO,” Amber said.