Case | HBS Case Collection | November 2012 (Revised September 2013)

The JOBS Act of 2012

by Lena G. Goldberg

Abstract

This Note summarizes the potential of the Jobs Act of 2012 to change the way in which emerging growth companies, or EMGs, access capital markets. Described as among the most significant change to US securities laws in over 20 years, the Jobs Act may reduce the burdens associated with going public while at the same time making it easier for EMGs to remain private. In addition to the so-called "IPO On-Ramp" and "crowdfunding," the Note briefly discusses the changes to general solicitation and general advertising rules, the private holder cap and mini-public offerings.

Keywords: entrepreneurship; laws and regulation; crowdfunding; IPO; quiet period; Business Ventures; Entrepreneurship; Law; North and Central America;

Citation:

Goldberg, Lena G. "The JOBS Act of 2012." Harvard Business School Case 313-091, November 2012. (Revised September 2013.)