Emerging Growth Company (EGC)

Definition:

A category of issuer under SEC rules, as introduced by the JOBS Act. An EGC is a domestic or foreign company with annual gross revenues of less than US$1,235,000,000 (initially $1 billion, but adjusted for inflation in September 2022) and that has not had a US IPO prior to December 8, 2011.

The JOBS Act has granted EGCs certain accommodations, such as reduced financial disclosure.

See JOBS Act.

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