The JOBS Act, 10 years later

Cordell Eminent Scholar Jay Ritter shares his IPO insights for this story about the JOBS Act, which celebrated its 10th birthday on Tuesday. Signed into law by President Obama to great bipartisan fanfare, it was intended to increase the number of companies going public but has yielded mixed results.

Some of the legislation’s shepherds touted public companies as significant job creators.

Yes, but: “What determines a company going public: the market … and the stage of a company and the availability of private capital for funding,” Jay Ritter, who studies IPOs, tells Axios. “All of these things are independent from tweaks in regulation.”

Read more of what Ritter had to say in this story from Axios.