Abolishing IPOs and Harnessing Private Markets in the Public Good — The Harvard Law School Forum on Corporate Governance

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.

Read full article via Abolishing IPOs and Harnessing Private Markets in the Public Good — The Harvard Law School Forum on Corporate Governance and Financial Regulation.