Blog

Popularity of JOBS Act continues to fall in capital markets community according to research by BDO USA, LLP

Chicago, IL – According to a new study by BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, only 14 percent of capital markets executives at leading investment banks believe the JOBS Act is having a positive impact on increasing the number of IPOs on U.S. exchanges. A majority (58%) say it isn’t positively impacting IPOs, while just over one-quarter (28%) believe it is still too early to evaluate the impact. Of those who don’t believe it has had a positive impact or have yet to decide, more than two-thirds (68%) predict the law will never achieve its desired goal of increasing the number of businesses going public. These latest findings represent a precipitous drop in the JOBS Act’s perceived effectiveness from a year ago when a majority (55%) of I-bankers believed the JOBS Act would have a positive impact on U.S. IPO activity. Yet, by last winter, less than one-third (29%) of the capital markets community believed the new law had been effective in increasing the number of IPOs on U.S. exchanges and now that percentage has dropped even further. Despite the overall negative review of the JOBS Act, a majority (56%) of the bankers indicate the […]

Leave a Comment