Nasdaq Inc. and the New York Stock Exchange are pulling back from a fast-track IPO process to help small companies go public, following a spate of problematic listings. Nasdaq earlier this year moved to toughen requirements for initial public offerings by companies using Reg A+, a provision of the Jumpstart Our Business Startups Act of 2012. The provision sets lower accounting and disclosure standards than for conventional offerings.

Source: Wall Street Journal June 10, 2019 14:26 UTC