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, according to a new survey by BDO USA.
The Jumpstart Our Businesses Act, or JOBS Act, was signed into law last year with the promise of providing easier access to capital for startup businesses by easing some auditing and investor protection requirements and regulations (see Obama Signs JOBS Act for Small Businesses into Law). However, a 58 percent majority of the 101 capital markets executives who responded to the telephone survey conducted by Market Measurement Inc. on behalf of BDO USA said the law is not positively affecting IPOs, however, while 28 percent 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, 68 percent predict the law will never achieve its desired goal of increasing the number of businesses going public.
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