I'm curious if anyone has had a client go public under S-18. The paltry cap of $7.5 million seems to make all the lawyer and banking fees not worth it, which would explain why I've never heard of a company going public under S-18.
Another reason I was thinking about this cap is because there have been some articles in my local newspaper recently about how to turn California's economy around. About a year ago I read an article in The Economist that estimated some ridiculous number of companies (I think 2,000 - 5,000) would go public in California alone if the S-18 cap were raised.
So what do you think? Could something as simple as raising the S-18 cap be a boon to the economy? It would certainly do plenty for MM and boutique banks.
