A new paper from two Harvard Kennedy School researchers explores the decline of IPOs and what should be done about it.
Companies have good reasons for factoring in the regulatory environment when deciding whether to go public.
Among other worrisome findings, 23% of non-listed ECGs disclosed that they were shell companies.
Many new issuers take advantage of Title I of the JOBS Act, but it has failed to induce a flood of public offerings.
The easier IPO on-ramp has been a boon, but crowdfunding has a very uncertain future.
Companies going public are taking full advantage of the JOBS Act's relaxation of some filing rules.
Well, for emerging growth companies, at least. The new law also exempts such firms — which are planning an IPO and have less than $1 billion in revenue — from holding a “say-on-pay” vote.
