The Wall Street Journal reported today that the Securities and Exchange Commission has okayed greater use of the Internet for various facets of an initial public offering. For example, a so-called road show presentation could now be offered live on the Net (as well as archived).

Having been through the wringer a few times on IPOs and follow-on offerings, I can personally attest to how valuable this news is for companies that are doing stock offerings as well as for all investors.

This opening by the SEC to the Net is the beginning of what might well become 100% virtual "Road Shows" in coming years. We have witnessed the explosion of Webcasts and Webinars. Financial offerings 100% on the Net are fast approaching.