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I assume he's referring to the reporting requirements for public companies. Without those regulations more companies would go public. (Of course, without the r
by aianus 10y ago
I assume he's referring to the reporting requirements for public companies. Without those regulations more companies would go public.
(Of course, without the reporting requirements they probably wouldn't IPO for as much as every offering would need a bigger 'possible fraud' discount)
- theseatoms 10y ago> (Of course, without the reporting requirements they probably wouldn't IPO for as much as every offering would need a bigger 'possible fraud' discount) So it follows that companies would voluntarily report, as to obtain a higher IPO price.
- aianus 10y agoSure, but then what's to stop them from ceasing to report 6 months later when the lockup period expires and the insiders cash out?