This note will analyze several of the key provisions of the JOBS Act and their effect on raising capital for small growth companies. The scope of this note will exclude the Title III crowdfunding provisions, as there is already substantial discussion about the topic in the legal and business communities. Part II discusses the IPO registration process. Part III explores the JOBS Act and its effect on securities regulation. Specifically, this note will cover the Title I IPO on-ramp, the Title II changes to Regulation D, the Title IV changes to Regulation A and 144A, and finally the Title V and VI changes to shareholder limits. Part IV analyzes the impact the JOBS Act will have on raising capital for small growth enterprises. Part V will conclude.
The JOBS Act: Encouraging Capital Formation But Not IPOs,
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Available at: http://digitalcommons.pepperdine.edu/jbel/vol7/iss2/4