It is no secret that the public stock markets — despite the heights they’ve reached (and the credit that President Trump has taken for them) — are fundamentally broken. No chief executive wants to live in the glare of the public spotlight and deal with pesky investors who hold stocks in time frames of days and months, not years and decades.
The number of companies listed on public stock exchanges is half what it was two decades ago. Last year, fewer companies went public than during the financial crisis.
via Fixing the ‘Brain Damage’ Caused by the I.P.O. Process – The New York Times
