SEC Forensics Offer Cautionary Tale to IPOs Considering Self-filing their S-1 "Ringing the Opening Bell" may not be the best time to cut compliance costs with DIY filing portals
NEW YORK, Feb. 21, 2014 /PRNewswire/ -- The journey to become a public company can be a stressful and expensive undertaking. For small and micro-cap companies, cost-containment is of paramount concern as many of the associated fees can be out of proportion to their actual capital raise amount. This has led a few entrepreneurial minded CEOs to consider a DIY path to move their S-1 though the Securities and Exchange Commission.
In fact, SEC forensics illustrate that DIY at the IPO stage may actually be a non sequitur and add unnecessary work and fees. Please review the S-1 workflow on this blog post:
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