Regulation A+ has slowly been gaining traction as a way for smaller companies to raise capital and go public. Until recently, Elio Motors was the first and only crowdfunded IPO in the United States. Elio closed out their $17 million Regulation A+ offering in February, 2016, and subsequently listed to the OTCQX.
Myomo, a commercial stage medical robotics company, raised $7.9 Million with $5.0 Million through its Reg A+ and $2.9 Million through a private sale of investment units. Myomo now trades on the NYSE Mkt under ticker symbol "MYO". Since opening for trading on the NYSE on June 9, 2017, MYO is up almost 160% from its $7.50 IPO price closing at $19.31 on June 19, 2017.
First Ever Reg A+ NASDAQ IPO - (NASDAQ: ADOM)
Adomani, a provider of advanced zero emission vehicle solutions, raised $14.3 million through its Reg A+ at a price of $5 per share. Adomani now trades on the NASDAQ under ticker symbol "ADOM". Since opening for trading on the NASDAQ on June 15, 2017, ADOM is up over 100% from its IPO price closing at $10.07 on June 19, 2017.
Many expect the success of both of these listings will encourage more companies to use Reg A+ to raise capital and go public.
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