On December 4, 2015, President Obama signed into law the Fixing America’s Surface Transportation Act, known as the FAST Act. Although aimed primarily at authorizing spending on highway and transit projects, the FAST Act includes several amendments to the Jumpstart Our Business Startups Act (JOBS Act) and other securities law provisions. The aspects of the FAST Act applicable to IPOs are already in effect, while other provisions are subject to future SEC rulemaking. The changes made by the FAST Act, together with other recent developments, will help shape the IPO landscape in the coming year and beyond.
To help practitioners cope with these changes, PLI just published a special free report exploring the FAST Act’s impact on the IPO market. Written by David A. Westenberg (WilmerHale), author of PLI’s Initial Public Offerings: A Practical Guide to Going Public, the report provides a summary of developments stemming from the FAST Act, as well as of their implications. Download the report here or you can find it in the table of contents for Initial Public Offerings: A Practical Guide to Going Public.