As the US capital markets are among the most liquid in the world, many foreign companies opt to go public in the United States. However, becoming a public company in the United States can be expensive and time-consuming. Registering as a foreign private issuer (“FPI”) allows foreign companies to access the US capital markets while benefitting from certain disclosure, reporting and corporate governance accommodations. In this What’s the Deal guide, we provide an overview of the laws, rules, regulations and exemptions that govern FPIs.