Deals
JOBS Act Rewards U.S. Stock Exchanges With IPOs Amid Criticism
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A two-year-old U.S. law designed to make it easier for small companies has turned into a boon for the country’s stock markets.
The Jumpstart Our Business Startups Act has spurred 25 percent more U.S. initial public offerings annually, according to a research paper by economists at Penn State University and the State University of New York at Buffalo. That generates listing fees for the New York Stock Exchange and Nasdaq Stock Market, a rare bright spot for the industry amid allegations that trading venues favor some customers versus others.