How to Go From Crowdfunding to the NASDAQ
June 21, 2016 by Dr. Letitia Wright
Filed under Featured Articles
This comes from an article: First Reg A+, then NASDAQ Listing for ShiftPixy
By JD Alois
ShiftPixy Workers FastTemp staff provider ShiftPixy is hoping to soon trade on the NASDAQ Capital Market under the ticker symbol PIXY but first, they are raising capital under Regulation A+. ShiftPixy has enlisted WR Hambrecht as sole underwriter on a “best effort” basis to raise up to $50 million with a minimum raise of $15 million.
ShiftPixy is a service provider that contracts with business clients in need of part-time staff primarily in the hospitality and restaurant industry. The company is currently operating in Southern California but intends on opening additional physical locations in New York, San Francisco, Chicago, Orlando, Dallas, Las Vegas, Atlanta and Philly (in that order). ShiftPixy currently has over 150 clients and about 3,350 worksite employees.
Let me share why this is significant:
This is a great plan. Many people are just crowdfunding one time with no real vision of how to move forward after that. If all goes well with each step, going to the NASDAQ is the right idea. And you will be able to watch the company progress all along the way. I think there will be a stock exchange for crowdfunded projects in the future but until then, this is a solid plan. I hope it helps you think in longer terms instead of just getting funding that will last you, 6 months or so.
Read the rest of the article here https://www.crowdfundinsider.com/2016/06/87013-first-reg-a-then-nasdaq-listing-for-shiftpixy/
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