by: Brett Hershman, Benzinga Staff Writer
The SEC will hold a forum on Wednesday at NYU to talk about reviving the IPO market, which has seen fewer offerings in the past few years. IPOs are not just about finding good investments to trade in and out of before they mature in the market, they are also an important element of a thriving economy.
Notable 2017 IPOs Performance YTD
- Canada Goose Holdings Inc: 0.58 percent.
- J. Jill Inc: 3.74 percent.
- Yext Inc: 3.5 percent.
- Snap Inc: -5.27 percent.
The number of public companies in the market has actually declined over the past two decades. According to an LA Times Report, there were 91,113 public companies in the U.S. in 1997. By the end of 2016, there were less than 6,000.
The SEC will discuss what the consequences are of a slowing IPO market has on investors and the economy.
“IPOs can play a critical role in fostering long-term economic growth, but as we see less and less companies taking advantage of the public markets, we could be missing important opportunities,” said Acting Chairman Michael Piwowar. “We are excited to collaborate with NYU in this event focused on the potential causes of the current state of the U.S. IPO market, as well as possible solutions to IPO decline driven by the needs of market participants.”
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.