As of July 10th, the SEC’s Division of Corporation Finance will permit all companies to submit draft registration statements relating to initial public offerings for review on a non-public basis. Previously, this process was only available for “emerging growth companies” under the JOBS Act, although that covered a substantial majority of IPO candidates.

More notably, this process will now be available for most offerings made in the first year after a company has entered the public reporting system.

More information can be found at: https://www.sec.gov/corpfin/announcement/draft-registration-statement-processing-procedures-expanded