US lawmakers should reject the suggestion that smaller listed companies’ Fintech-friendly data be replaced with paper. It would be like telling smaller film makers that they can’t use Netflix anymore, but instead need to market their work on VHS tape.
Public markets provide well understood benefits to economies. They spread risk through diversification, promote financial stability and facilitate the creation of wealth across societies through widespread direct and indirect ownership. Attracting and retaining companies to public markets is therefore a focus for policy makers around the world.
In the United States and a number of other, mostly developed countries, the number of IPOs is on the decline and it is unsurprising that some people are asking why.
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