Accredited Investor Markets quoted Manatt's Brian Korn, a partner in the firm's Capital Markets practice, for an article on the SEC's final rules under Title IV of the JOBS Act, colloquially known as Regulation A+. The rules will go into effect in June 2015, and then companies can add Reg A+ to the growing list of financing options for private companies.
Korn called Reg A+ the "minor leagues for IPOs," and others referred to it as the "mini-IPO," as issuers are required to go through a "scaled-down registration" process and file a prospectus-like document called an "offering circular" with the SEC.