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.”
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.”