JOBS Act 3.0 bundle not the answer for SME listings

Abstract

The bipartisan bill is designed to make IPO listing more attractive, but has raised concerns A package bill known as the JOBS and Investor Confidence Act of 2018, or the JOBS Act 3.0, has raised concerns its contents includes ideological contradictions and that a large number of suggestions are already in effect across the US capital markets. According to Larry Tabb, the problem with this is that the economic cost for SMEs to list is not particularly motivating in context of a matrix change like this. [...]it is more interesting for the NYSE or others to list larger companies and try to get the Ubers of the world to go public, because there is going to be a lot more volume and they are going to spend a lot more on the listing.