· Paul S. Atkins · U.S. Securities and Exchange Commission WikiRevitalizing America’s Markets at 250
Read full speech on sec.gov ↗ContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC Chair's case for making IPOs common again ahead of America's 250th anniversary.
Problems raised
- IPOs have become rare.
- Public investment is concentrated in a few firms.
- IPOs often serve insiders' liquidity.
Solutions proposed
- Open IPOs to firms at all stages and industries.
- Reform rules to make public markets attractive.
- Make IPOs a real capital-raising tool.