The JOBS Act: Potential Benefits for Foreign Private Issuers
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (“JOBS Act”). The JOBS Act eases the SEC-registered IPO process for “emerging growth companies” (“EGCs”) and will alter the private offering process under Rule 144A and Regulation D of the U.S. Securities Act of 1933, as amended. The JOBS Act contains a number of key changes that will facilitate U.S. IPOs by foreign private issuers (“FPIs”) that are EGCs in the SEC-registered deal context and offerings by FPIs generally in the non-SEC-registered deal context. Such benefits should add to the attractiveness of the U.S. capital markets.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post