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House bill passes to raise IPO threshold from 500 to 1000

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Fascinating details of lobbying efforts by a secondary market company that stands to gain big from Facebook etc

"Federal and state regulators have voiced concerns over whether the proposed changes may give companies too much flexibility -- and investors not enough protections."

I did wonder about this, too.

Then again, Steve Case wants to make crowdfunding legal as well:

Actually, it looks like they raised the shareholder limit to 2000:

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