3 ms·
It seems like a tough sell to say that increased transaction costs categorically don't affect the frequency of IPOs. In 1986, Adobe raised $6M at their IPO. Wha
by regulation_d 9y ago
It seems like a tough sell to say that increased transaction costs categorically don't affect the frequency of IPOs. In 1986, Adobe raised $6M at their IPO. Whatever other factors have contributed to a decline in IPOs, it's hard to deny that Adobe-sized offerings don't really happen anymore.