Friday, June 30, 2017

ShiftPixy Raises $12M In Reg A+ IPO

Cheyenne, Wyoming-based ShiftPixy, a developer of mobile software used by employers and workers to coordinate open time slots, and used by those same employers for compliance, has raised $12M in a smallcap IPO on the NASDAQ. The company, now trading at PIXY, used a relatively unknown route to the market, a Reg A+ offering, which limits how much money can be raised from investors to less than $50M, but still has broader reporting requirements than a private Reg D. offering--that typically done by a venture backed company.