Should You “Mini-IPO”?: Comparing Regulation A+ Offerings to the Traditional Initial Public Offering (IPO)

Price: $0 OnDemand

Gary Emmanuel
Partner, McDermott Will & Emery
David Ethridge
Managing Director, Deals & U.S. IPO Services Leader, PwC
Gordon Ruckdeschel
Vice President, Operations, The Vintage Group
Bradley Smith
Director of Marketing, The Vintage Group (Moderator)


This is a complimentary program sponsored by Vintage Group.

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The new Regulation A+ went into effect in June of 2015 with the intent of reviving the smaller IPO market by allowing companies to accept funds from both accredited and non-accredited investors. This has provided a new option for companies to raise capital for growth.  There are a variety of differences between making a Regulation A+ Offering and making an Initial Public Offering in order to raise capital, and each type of offering can have benefits for different types of companies.

Join us for this 60-minute program, where our panelists will discuss the advantages and disadvantages of making a Regulation A+ Offering versus a traditional Initial Public Offering, what to take into consideration when determining which type of offering to make, and the main differences in the processes of making each type of offering.

Educational Objectives:
• Gain an overview of Regulation A+ offerings and traditional IPOs
• The benefits and disadvantages of each type of offering
• Strategies and primary considerations when determining which type of offering to make

Who would benefit most from attending this program?
Securities attorneys; practitioners advising companies of all sizes; CFOs at companies of all sizes; finance and accounting professionals.

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Mr.Gary Emmanuel focuses his practice on corporate securities matters.  With over 15 years of experience, Mr. Emmanuel represents both domestic and foreign companies that are navigating the process of capital raising, including initial public offerings, registered direct offerings, follow-on offerings, private placements, private investment in public equities (PIPEs) and bridge financings. He has worked extensively with biotechnology and other life science companies, both as company counsel and as underwriter's counsel.  He advises companies on issues relating to disclosure, periodic reporting, corporate governance, American Depositary Receipt (ADR) programs, and the rules of the NYSE MKT, NYSE and NASDAQ. He also counsels companies in a wide variety of corporate transactions including licensing, reverse mergers, acquisitions and joint ventures.  Mr. Emmanuel previously served in the Military Court of Appeals of the Israel Defense Forces during his army service and holds the military rank of legal officer.

Mr.Emmanuel is admitted to practice in New York and Israel.  He earned his LLB, with honors, from Queen Mary University of London and his LLM from Yeshiva University – Benjamin N. Cardozo School of Law. 


Mr.David Ethridge is the Managing Director in the firm’s Deals practice and U.S. IPO Services leader. He helps PwC clients prepare for accessing the equity capital markets through an IPO, advising them throughout the life of the IPO process, from pre-IPO readiness assessment to planning, the offering process, potential pitfalls and challenges and beyond.

Mr.Ethridge is a veteran IPO professional with more than 25 years of experience built around the equity capital markets, advising clients to globally on their plans to access the U.S. equity markets via IPOs, follow-on offerings, Convertibles, registered direct, and PIPEs. Prior to his role at PwC, he led the New York Stock Exchange (NYSE) Capital Markets practice for five years, a role which follows 20 years of experience in investment banking. Under his leadership, the NYSE became the overall leader both in the U.S. and globally for IPOs, most notably in the technology sector. Throughout his career, he has advised and executed over 100 IPOs; including helping execute the largest IPO in history when he was leading the NYSE team.

Mr.Ethridge received a M.B.A from Harvard Business School and a B.A. in economics from Davidson College.


Mr. Gordon Ruckdeschel has over twenty years of experience in the mutual fund and EDGAR/financial services industry.  He currently manages Operations for Vintage (a division of PR Newswire), including the full service EDGAR, XBRL, typesetting and print capabilities across Vintage's three practice areas (Capital Markets, Corporate Services and Funds & Institutional Services).  Previously, Mr. Ruckdeschel headed up the organization's Investment and Structured Finance account team.  He is continually learning and managing new projects, most recently working with staff and clients on Regulation A+ filings.