Don't Count On JOBS Act To Spark IPO Craze, Attys Say

Law360, New York (April 12, 2012, 4:10 PM EDT) -- Private equity firms are set to take more portfolio companies public now that the Jumpstart Our Business Startups Act streamlines the process, but less red tape and lighter costs are not enough to spark an initial public offering bonanza, attorneys tell Law360.

The most significant overhaul of the federal securities laws in years, the JOBS Act helps emerging businesses tap investors and returns the blush to the IPO by relaxing reporting requirements for so-called emerging growth companies — businesses with revenues under $1 billion.

The changes...
To view the full article, register now.