Most Mini-IPOs Fail the Market Test

“Many of us were concerned as RegA+ was being developed that it would be a disaster for investors,” says Tyler Gellasch, a former SEC staffer who now runs the Healthy Markets Association. “A few years into this experiment, and these results are about as bad for investors as anyone could have predicted.”

“A market—an entire market—losing half its value when the rest of the stock market was going through the roof is a massive problem,” Gellasch says.

Continue reading in Barron's.