I Think the JOBS Act Has Been a Big Success: JMPs Mack

The transcript discusses the impact of the JOBS Act on the IPO market, highlighting its success in increasing the number of smaller companies accessing the market. It covers the dynamics of the IPO window, market conditions, and the role of confidential filings in improving pricing. The quality of companies going public is assessed, with a focus on the performance of smaller companies. Concerns about the shorter time for investor scrutiny are addressed, using voxeljet as an example. Overall, the JOBS Act is seen as beneficial, with good IPO performance.

What factors contributed to the success of the IPO market since the JOBS Act?

Discuss the role of confidential filings and test the waters marketing in the IPO process.

What was the overall performance of IPOs in 2013, and what does it indicate about the market?

How has the performance of smaller companies in the IPO market changed over the years?

What concerns were raised about the JOBS Act and its impact on companies going public?