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Yes. Reason being that companies are waiting much longer to IPO. Take a look at Table 12b on page 34 [1]. In the 1980s, the average number of companies that off
by 11thEarlOfMar 8y ago
Yes. Reason being that companies are waiting much longer to IPO. Take a look at Table 12b on page 34 [1]. In the 1980s, the average number of companies that offered an IPO with sales >$1BB was under 5%. In the 2010s, it averages about 15%. (in 2005 $)
Still contending that this move towards quality is the legacy of .COM mania and the ensuing Sarbanes-Oxley burden.