A Year Later, the Missed Opportunity of the JOBS Act

More than a year ago, Congress passed legislation that its supporters said would help revive new company offerings. Now, the market for initial public offerings is starting to heati up, but the law, the Jump-Start Our Business Startups Act, or the JOBS Act, has had little to do with it.

You need only to look at the recent I.P.O. of the upscale grocer Fairway Group Holding Corporation. It’s an illustration of the forces that drive the market for offerings and why the JOBS Act was a missed opportunity to truly spur more I.P.O.’s.

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