May 7, 2018
The Jumpstart Our Business Startups Act (“JOBS Act”) was enacted on April 5, 2012, with the principal goal to encourage private companies to raise capital through an IPO. The Act was initially contemplated in March 2011 when it was determined that a long-term decline in US IPOs could result in a loss of up to 22 million American jobs. The two main objectives were 1) to create an “IPO on-ramp” and 2) to provide companies easier and broader access to the capital markets.
Now six years later, the question remains: did the JOBS Act accomplish its goal? Read PwC’s latest piece, Update on emerging growth companies and the JOBS Act, to learn more.