IPO University
Emerging growth company
Established in 2012 under the JOBS Act, emerging growth companies (EGCs) have less than $1 billion in annual sales, and have fewer requirements for going public. They are allowed to IPO with two years of audited financial statements instead of three, do not need an auditor's opinion on their internal controls over financial reporting, and can use test-the-waters communications with institutional accredited investors.
