United States: Listing Rules & Flotation

Private equity sponsors investing in law firm management services organizations face a critical exit challenge: with valuations reaching into the billions and limited buyers available, how can they efficiently convert illiquid stakes into liquid returns? Winston Taylor explores whether initial public offerings represent a viable exit strategy and examines the structural and regulatory frameworks necessary to bring law firm MSOs to public markets.

The SEC's Office of Mergers and Acquisitions has issued a new exemptive order allowing tender and exchange offers for non-convertible debt securities to remain open for just five business days instead of the standard 20-day period. This order liberalizes the previous framework by permitting partial offers with proration, narrowing consent solicitation prohibitions, and expanding eligible participants. What are the key conditions that must be met for issuers to take advantage of this abbreviated timeline, an

This comprehensive mid-year update examines critical accounting standards, regulatory changes, and emerging trends that finance leaders must navigate in 2026. From new FASB guidance on PIK dividends and environmental credits to SEC proposals reshaping reporting requirements and filer classifications, the landscape is evolving rapidly. The analysis also explores the surge in mega-IPO activity, AI integration in finance functions, and strategic priorities for building resilient accounting operations.

The SEC has proposed sweeping reforms that would fundamentally reshape the public company regulatory landscape by simplifying filer categories from four to two, raising key thresholds, and dramatically expanding...

The Securities and Exchange Commission has proposed sweeping amendments to its rules governing registered offerings that could fundamentally reshape public capital raising for small- and mid-cap companies.

The SEC has proposed allowing public companies to file semiannual reports instead of quarterly reports, potentially reducing compliance costs and freeing up management time. Companies could elect to file one...

The UK Financial Conduct Authority (FCA) has today published its long-awaited reforms to the UK's listing regime (Listing Rules), designed to reinvigorate UK capital markets and make the listing regime...

For a number of reasons, certain London-listed companies have been considering, and in some cases implementing, U.S. listings, whether as an additional listing or by way of a unilateral move away from London.

Following the recent changes made to the UK Listing Rules that require Main Market–listed companies to comply with or explain against target board diversity disclosure and diversity data-reporting requirements...