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  1. Law Glossary

What Is a Foreign Private Issuer (FPI)?

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What Is a Foreign Private Issuer (FPI)?

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Foreign Private Issuer (FPI)

A Foreign Private Issuer (FPI) is any foreign issuer desiring to raise capital in the U.S., unless:

  • More than 50 percent of the issuer’s outstanding voting securities are held directly or indirectly by residents of the U.S.; and
  • Any of the following applies:
    • The majority of the issuer’s executive officers or directors are U.S. citizens or residents;
    • More than 50 percent of the issuer’s assets are located in the U.S.; or
    • The issuer’s business is administered principally in the U.S.

Visit our Public Company Gateway and our IPO Portal for the latest legal and regulatory developments as well as key checklists, guides, and other pragmatic desktop tools.

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  • Public Companies
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