SEC Floats Reducing Issuer Disclosures in Push for More IPOs

The Securities and Exchange Commission is seeking to boost initial public offerings with an overhaul to let new big issuers temporarily avoid many of the agency’s strongest disclosure rules.

The move could benefit major companies planning to go public, including Elon Musk’s SpaceX. SEC Chairman Paul Atkins framed the plan as part of the agency’s “Make IPOs Great Again” push.

Under the plan released on Tuesday, new public companies could avoid more robust disclosures that come with the “large accelerated filers” tag for as long as five years. The agency’s proposal would also raise the public float threshold ...