Media Coverage
Source: The Daily Journal
Media Coverage
03.14.12
Justin Hovey, a partner with Pillsbury’s corporate and securities group in San Francisco, is quoted in an article about a bill pending in Congress that could ease the path to public offerings.
The U.S. House of Representatives passed the JOBS Act with bipartisan support, and is now awaiting a vote in the Senate. Advocates say the measure would bring more companies to the public markets by easing the regulatory burden on “emerging growth companies,” or companies with under $1 billion in revenue or a $700 million markets capitalization.
“It goes with reason to say that an increase in IPO activity would in turn mean a decrease in M&A activity,” Hovey said. “If these on ramp provisions are adopted in the final rules and the final law, you will see an uptick in IPO activity and a down trend in M&A markets, especially for the mid-market type company.”
Either way, companies will need transactional attorneys, Hovey said.