It just got a bit more expensive to go public.

FINRA has increased the filing fee companies are required to pay in connection with FINRA's review of the underwriting arrangements for an IPO. Effective today, the fee was increased to an amount equal to 0.015% of the aggregate offering proceeds plus $500, up to a maximum fee of $225,500. Prior to this increase, the fee was equal to 0.01% of the aggregate offering proceeds plus $500, up to a maximum fee of $75,500. For a typical IPO raising $100 million, the FINRA filing fee increases from $10,500 to $15,500. The impact of the fee change is greater in very large IPOs due to the tripling of the fee cap—for example, in an IPO raising $1 billion, the FINRA filing fee doubles from $75,500 to $150,500.

This represents the first increase in the filing fee rate since it was adopted in 1970, although the cap has been adjusted periodically, most recently in 2004 when the cap was increased from $30,500 to $75,500.