Alex Ibrahim, regional head of Latin America, Caribbean and Bermuda listings at NYSE Euronext, expects more small overseas firms to list in the US following the passing of the Jobs Act, which eases issuance rules for growth companies.

The Jumpstart Our Business Startups Act, or Jobs Act, was signed into law by President Barack Obama in April and aimed to reduce the regulatory and financial reporting costs for both US and foreign emerging growth companies with less than $1bn in revenues that want to go public.