--- title: Q4 Caps Off Strong Year for Reg A+ description: Interact with FactRight’s Q4 2017 Reg A+ database. image: https://blog.factright.com/hubfs/AdobeStock_170082400.jpeg --- behance bloglovin dribbble email facebook flickr github gplus instagram linkedin medium periscope phone pinterest rss snapchat stumbleupon tumblr twitter vimeo xing youtube - [Facebook](https://www.facebook.com/FactRightLLC/) - [Twitter](https://twitter.com/factright) - [Linkedin](http://www.linkedin.com/company/395017?trk=tyah) - [Phone](tel:866-357-7779) [Report Center Login >](http://www.factrightreports.com/Account/Login) - [Home](http://www.factright.com/) - [ABOUT US](http://www.factright.com/team/) - Financial Advisory Firms - [FR Risk Management](http://www.factright.com/fr-risk-management/) - [Report Center](https://www.factright.com/resources/report-center/) - [Product Coverage](https://www.factright.com/resources/list-of-coverage/) - Product Sponsors - [Due Diligence Reporting](http://www.factright.com/due-diligence-reporting/) - [Preparing for FactRight Diligence](https://www.factright.com/preparing-for-factright-diligence/) - [Resources](https://www.factright.com/resources/) - [Report Center](https://www.factright.com/resources/report-center/) - [FactRight Webinars](https://www.factright.com/resources/webinars/) - [FAQs](https://www.factright.com/resources/faqs/) - [Events](https://www.factright.com/events/) - [Weekly Updates](https://www.factright.com/weekly-updates/) - [FactRight Blog](https://blog.factright.com/) - [Contact](http://www.factright.com/contact/) # Q4 Caps Off Strong Year for Reg A+ January 17, 2018 by [Brandon Raatikka](https://blog.factright.com/author/brandon-raatikka) Things continue to look up for Reg A+. In the fourth quarter of 2017, the SEC qualified 25 Tier 2 offerings, which (just like last quarter) set new quarterly record. Of the Tier 2 140 offerings qualified since the end of 2015 (and not subsequently withdrawn or requalified), the SEC green-lit 62% of them in 2017. We plotted the relatively steady growth in qualifications the top chart below the text of this post. For the first time since the new Regulation A rules went into effect, a majority of issuers qualified in the quarter disclosed an intention to provide secondary liquidity for their shares. The OTC markets continue to be a popular destination, although we saw a significant spike in issuers that will seek a NYSE listing in Q4’s qualifications.  One quarter a trend does not make, but it’s still interesting to note that median offering expenses for qualified Tier 2 offerings were 2.00% of the raise, significantly below the 6.21% median of prior quarters. For more insight on where the money is coming from these deals, and what kind of Reg A+ offerings are being funded, [see this clip](https://www.youtube.com/watch?v=kl7_gLHxKAE) of Blaine McLaughin, COO of [VIA Folio](https://www.viafolio.com/), speaking at the Fintech World event in December. Just as we’ve posted for the past two quarters, below is an interactive summary of FactRight’s Tier 2 Regulation A database, updated for offerings qualified through the end of the fourth quarter. The charts below are dynamic; if you click on a single data point in any chart, it will filter the data displayed on the sidebar at left and in the remaining charts. Hover your cursor over a chart for additional information.     [![Sign up for the Report Center!](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/2777169/af3324b7-c0f0-43ab-a614-f9003d154854.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/2777169/af3324b7-c0f0-43ab-a614-f9003d154854) [Loan Guarantee Fees in Investment Programs: Risk Compensation or Rent Seeking?](https://blog.factright.com/loan-guarantee-fees) [Reg A+ Quarter 4 Overview: Waiting for Legislative Upgrades](https://blog.factright.com/reg-a-quarter-4-overview-waiting-for-legislative-upgrades) [Reg A+ Quarter 2 Overview: High (and Low) Times](https://blog.factright.com/reg-aquarter-2-overview-high-and-low-times) [Reg A+ at a Crossroads](https://blog.factright.com/reg-aplus-at-a-crossroads) Filed Under: [Regulation A+](https://blog.factright.com/topic/regulation-a) ### Get Blog Notifications ### categories - [Due Diligence (85)](https://blog.factright.com/topic/due-diligence) - [Best Business Practices (39)](https://blog.factright.com/topic/best-business-practices) - [Alternative Investments (32)](https://blog.factright.com/topic/alternative-investments) - [Real Estate (29)](https://blog.factright.com/topic/real-estate) - [About FactRight (27)](https://blog.factright.com/topic/about-factright) - [REITs (27)](https://blog.factright.com/topic/reits) - [Best Practices (24)](https://blog.factright.com/topic/best-practices) ### Archives - [April 2026 (1)](https://blog.factright.com/archive/2026/04) - [March 2026 (1)](https://blog.factright.com/archive/2026/03) - [January 2026 (1)](https://blog.factright.com/archive/2026/01) - [September 2025 (1)](https://blog.factright.com/archive/2025/09) - [March 2025 (1)](https://blog.factright.com/archive/2025/03) - [October 2024 (1)](https://blog.factright.com/archive/2024/10) - [May 2024 (1)](https://blog.factright.com/archive/2024/05) - [March 2024 (1)](https://blog.factright.com/archive/2024/03) - [November 2023 (1)](https://blog.factright.com/archive/2023/11) - [September 2023 (1)](https://blog.factright.com/archive/2023/09) - [August 2023 (1)](https://blog.factright.com/archive/2023/08) - [June 2023 (2)](https://blog.factright.com/archive/2023/06) - [March 2023 (1)](https://blog.factright.com/archive/2023/03) - [February 2023 (1)](https://blog.factright.com/archive/2023/02) - [January 2023 (1)](https://blog.factright.com/archive/2023/01) - [December 2022 (1)](https://blog.factright.com/archive/2022/12) - [November 2022 (1)](https://blog.factright.com/archive/2022/11) - [October 2022 (1)](https://blog.factright.com/archive/2022/10) - [September 2022 (1)](https://blog.factright.com/archive/2022/09) - [August 2022 (1)](https://blog.factright.com/archive/2022/08) - [July 2022 (2)](https://blog.factright.com/archive/2022/07) - [June 2022 (1)](https://blog.factright.com/archive/2022/06) - [May 2022 (1)](https://blog.factright.com/archive/2022/05) - [April 2022 (2)](https://blog.factright.com/archive/2022/04) - [March 2022 (2)](https://blog.factright.com/archive/2022/03) - [February 2022 (2)](https://blog.factright.com/archive/2022/02) - [December 2021 (2)](https://blog.factright.com/archive/2021/12) - [November 2021 (1)](https://blog.factright.com/archive/2021/11) - [October 2021 (1)](https://blog.factright.com/archive/2021/10) - [September 2021 (1)](https://blog.factright.com/archive/2021/09) #### Contact FactRight, LLC 7500 Flying Cloud Drive, Suite 755 Eden Prairie, MN 55344 Call Today: (612) 284-6150 [http://www.factright.com/](http://www.factright.com/)[info@factright.com](mailto:info@factright.com%20target=)   #### FactRight Report Center Independent risk assessment and third party due diligence reports. **[Log In >](http://www.factrightreports.com/Account/Login)** #### Looking for Something? - [Facebook](https://www.facebook.com/FactRightLLC/) - [Twitter](https://twitter.com/factright) - [Linkedin](http://www.linkedin.com/company/395017?trk=tyah) - [Phone](tel:866-357-7779) Copyright © 2019 · [FactRight, LLC](http://factright.suiportal.com/) · [DISCLAIMER](http://www.factright.com/disclaimer/)