The Catholic University of America

Creating Liquidity for Shareholders of Private Companies: The New Definition of Publicly Traded Securities

Description:  With little fanfare, the time-tested practice for private companies that desire to raise new capital—going public with its stock to attract investors—has begun to evolve in recent years, with potentially significant changes in store. How money is raised by some privately held companies today, the new trading platforms used, and how these actions might invite the careful monitoring of government watchdogs was the subject of a symposium, held on Oct. 18, 2011 in the New York City offices of the law firm Dewey & LeBoeuf, which supported and hosted the program. Conceived and moderated by Professor David Lipton, director of the Securities Law Program at The Catholic University of America Columbus School of Law, the four program panelists interpreted the recent changes before a mostly financial industry audience.