Ever since Sarbanes-Oxley there's been a continuously declining number of new public companies. The reality is the modern legal and regulatory environment makes being a public company significantly more burdensome than it was in 1995.
There's more than abundant amounts of capital in private equity, so the only real reason to go public is to create liquidity for early founders/investors/employees who want to cash out. Given that, arguably you could say going public, instead of raising private capital, is the smell. Or at least an attempt to top-tick the valuation, e.g. WeWork.
There's more than abundant amounts of capital in private equity, so the only real reason to go public is to create liquidity for early founders/investors/employees who want to cash out. Given that, arguably you could say going public, instead of raising private capital, is the smell. Or at least an attempt to top-tick the valuation, e.g. WeWork.