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Alternative Market Briefing

Other Voices: The JOBS Act and its impact on foreign private issuers

Friday, May 18, 2012

This article was authored by Alex Bafi, Partner, and Dinesh Banani, Senior Associate at Herbert Smith, an international law firm.

On 5 April 2012, President Obama signed the Jumpstart Our Business Startups Act (the "JOBS Act"). Its stated purpose is to increase American job creation and economic growth by improving access to the US public capital markets for "Emerging Growth Companies" (companies with less than $1 billion in annual revenues). The JOBS Act also eases existing restrictions on communications with potential investors in US private placements and allows non-SEC reporting com......................

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