This note examines the SEC's reaction to initial public offerings (IPOs) on the Internet during the late 1990's, explores benefits and concerns associated with IPOs in the Internet generally, and suggests ways in which the SEC should respond to such Internet IPOs. The author suggests that it is advisable for the SEC, given the likely continued increase in the use of the Internet for investment purposes, to step in and preempt state regulation of Internet IPOs, thereby giving smaller companies an increased opportunity to raise capital.
Daniel M. Weisenfeld,
IPOs on the Internet: The Need for the Next Step,
22 Hastings Comm. & Ent.L.J. 529
Available at: https://repository.uchastings.edu/hastings_comm_ent_law_journal/vol22/iss3/6