This may be happening, but the reason it is happening is that Sarbanes Oxley made it such a burden to run a public company that companies that otherwise would h

This may be happening, but the reason it is happening is that Sarbanes Oxley made it such a burden to run a public company that companies that otherwise would have gone public began to seek capital in the private markets instead. Regulation protects retail from making money as much as it protects retail from loosing money.