PENNSYLVANIA SB 992: Signed by the Governor

Short summary

Traditional IPOs raised $114B in H1 2026, 7x year-over-year, and most companies need about 12 months of structured preparation before filing. The readiness program spans PCAOB audits, technical accounting fixes, tax restructuring, board independence, and advisor selection. Starting early—before the market window opens—is the consistent pattern among companies that price well.

• •IPOs raised $114B in H1 2026, 7x prior year; 65 companies went public
• •12-month readiness program covers audit, tax restructuring, board rebuild, and SEC connectivity
• •Technical accounting (ASC 606, ASC 718, cheap stock) and tax (IP location, GILTI, Pillar Two) are top delay risks

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