Well, for better or worse, Congress now seems poised to pass the JOBS Act this week. From here forward, a large swath of companies going public on U.S. capital markets will be classified as “emerging growth companies” and receive a five-year exemption from the corporate governance and investor protections Washington has instituted over the last decade.
My views on the wisdom of this law are no secret. You can see our full coverage of the JOBS Act’s implications elsewhere in our newsletter, and I suspect we’ll be reporting on many other consequences of the law—good and bad—for a long while to come. For now, let’s dissect some of the more immediate winners and losers.
