Last week, I commented on the IPO On-Ramp provisions of the JOBS Act. Generally, my thoughts are that the IPO On-Ramp has been a modest success. That said, there are those that disagree. Here’s a post by Zachary Seward presenting the other side of the story: The JOBS Act turns one, and let’s be honest, it’s a failure. [Read more…]
IPO On-Ramp Archives
The JOBS Act, a Year Later – Part 2: The IPO On-Ramp
This post is the second in a series examining the impact of the JOBS Act one year after its passage. The post focuses on the IPO On-Ramp.
In my previous post, I discussed the disappointment experienced by many proponents of loosened securities regulations with implementation of the Jumpstart Our Business Startups Act (or JOBS Act). While some provisions of the JOBS Act went into effect immediately, implementation of many of the core provisions of the law has been excruciatingly slow while the SEC goes through the rulemaking process. In this second post, we’ll look at the first set of provisions of the JOBS Act: “the IPO On-Ramp.” [Read more…]
The JOBS Act, a Year Later – Part 1: Introduction
It’s been almost a year since Congress passed the Jumpstart Our Business Startups Act (or JOBS Act). At the time, the passage of this bill was greeted with significant enthusiasm from the start-up community. Among other things, it provided for a crowdfunding exemption from securities registration requirements and a repeal of the prohibition on general solicitation of investors in connection with certain private offerings. A year later, how do things stand? In this first of a series of posts, I’ll explore how implementation of the JOBS Act has progressed and what we might expect in the future. [Read more…]