Gurley notes the number of public companies has fallen by half from prior levels.
“We have a situation where the number of public companies today is half of what it was a while ago. And you ask, well, why is that?”
Gurley notes the number of public companies has declined by half over time.
“We have a situation where the number of public companies today is half of what it was a while ago.”
Gurley links decline in public companies to $200 million average IPO underpricing tax.
“And you ask, well, why is that? Well, the average IPO this year had to underprice by 200,000,000.”
Gurley states the number of US public companies today is less than half the peak.
“People don't know this, the number of public companies that exist in The US today is less than half what the peak was.”
Gurley says the number of US public companies is less than half the peak, calling it a big problem.
“the number of public companies that exist in The US today is less than half what the peak was. And companies just aren't going public. And I think it's a big problem.”