Small Business Capital Formation Advisory Committee Meeting
The SEC's Small Business Capital Formation Advisory Committee is holding a meeting to discuss matters relating to rules and regulations under the federal securities laws that affect small and emerging businesses and their investors.
Agenda
Location: SEC Headquarters, 100 F Street N.E., Washington, DC. Public will be able to view on www.sec.gov.
| Time | Item |
|---|---|
| 10:00 | Call to Order; Introductory Remarks by Commissioners |
| 10:20 | Member Observations on the State of the IPO Market Committee members will share their perspectives on the IPO market and begin deliberating ways to encourage more companies to go public. |
| 11:00 | Deep Dive on Encouraging More IPOs IPO activity has remained historically low in recent years, and the number of small public companies – and in particular small exchange-listed companies – continues to decrease. Although IPOs by small companies represented 44% of all IPOs in 2024, they represented only 3% of capital raised. The Committee will consider the existing regulatory framework and how decreased IPO activity and market shifts are impacting companies’ (including small caps’) desires to go public. The Committee will hear from an invited speaker will share views on the state of the IPO market, trends, and factors that may be at play. Committee member discussion will include consideration of potential regulatory reforms, ways to reduce IPO costs, and how to incentivize greater underwriter involvement with small caps. Speaker:
|
| 12:30 | Lunch |
| 1:30 | Deep Dive on Encouraging More IPOs (cont’d) The Committee will continue discussion regarding ways to encourage more companies to go public and will hear from an invited speaker who will share views on the IPO market from the underwriter’s perspective. Speaker:
|
| 3:30 | Wrap-up and Adjournment |
For further information, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551-5400.
no-reply@sec.gov America/New_York publicThe SEC's Small Business Capital Formation Advisory Committee is holding a meeting to discuss matters relating to rules and regulations under the federal securities laws that affect small and emerging businesses and their investors.
Agenda
Location: SEC Headquarters, 100 F Street N.E., Washington, DC. Public will be able to view on www.sec.gov.
| Time | Item |
|---|---|
| 10:00 | Call to Order; Introductory Remarks by Commissioners |
| 10:20 | Member Observations on the State of the IPO Market Committee members will share their perspectives on the IPO market and begin deliberating ways to encourage more companies to go public. |
| 11:00 | Deep Dive on Encouraging More IPOs IPO activity has remained historically low in recent years, and the number of small public companies – and in particular small exchange-listed companies – continues to decrease. Although IPOs by small companies represented 44% of all IPOs in 2024, they represented only 3% of capital raised. The Committee will consider the existing regulatory framework and how decreased IPO activity and market shifts are impacting companies’ (including small caps’) desires to go public. The Committee will hear from an invited speaker will share views on the state of the IPO market, trends, and factors that may be at play. Committee member discussion will include consideration of potential regulatory reforms, ways to reduce IPO costs, and how to incentivize greater underwriter involvement with small caps. Speaker:
|
| 12:30 | Lunch |
| 1:30 | Deep Dive on Encouraging More IPOs (cont’d) The Committee will continue discussion regarding ways to encourage more companies to go public and will hear from an invited speaker who will share views on the IPO market from the underwriter’s perspective. Speaker:
|
| 3:30 | Wrap-up and Adjournment |
Last Reviewed or Updated: April 16, 2026
Contact
For further information, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551-5400.