Hey guys, here is an opinion — interesting read. One might entertain or even agree with the premise, but anyone want to bet on IPOs disappearing from the business world? Small business of-interest — and news-to-watch maybe.
Excerpt: I explore the possibility of doing away with initial public offerings. In their place, I propose an expanded system of company registration under which companies would have to trade in private markets for a seasoning period, with mandatory disclosure, before they would be allowed to sell their shares to the public at large. I argue that such system would promote not only efficient capital formation, but also investor protection.