Nasdaq Exec: JOBS Act not increasing IPOs

September 20, 2012, 7:21 PM UTC

FORTUNE — It’s now been more than five months since President Obama signed The JOBS Act, a piece of legislation that was partially designed to increase the number of initial public offerings. But Bob McCooey, head of listings for Nasdaq, says that it won’t have a significant impact.

“We have thus far seen no measurable impact,” McCooey explains. “And our conversations with sponsors and company managements do not give us any indication that are any aspects of the legislation that are motivating companies to embark upon an IPO that had not already planned to do so.”

He adds that companies are taking advantage of JOBS Act provisions like confidential filings and delays to Sarbanes-Oxley compliance, but that such things won’t increase actual IPO volume.

On the upside, however, McCooey does expect the number of companies going public to increase over the next several quarters.

So far this quarter, just eight VC-backed companies have gone public, including today’s offering for Trulia Inc. (TRLA). That compares to 11 VC-backed offerings in Q2 and 16 in Q1, according to Pitchbook Data. Another 33 are in registration, plus dozens more that have filed confidentially.

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