5 ms·
So Cuban is essentially complaining that the market for small time ipos is dead. Maybe he is right, I do not know. But I am very much against any attempts to l
by hristov 12y ago
So Cuban is essentially complaining that the market for small time ipos is dead. Maybe he is right, I do not know.
But I am very much against any attempts to lessen the reporting requirements for IPOs. What people complaining about the SEC have to understand is that if the public lose trust in the markets, we will have absolutely no markets whatsoever. There will be no market for small caps or for big caps of for IPOs of any sizes. And we came perilously close to that with some of the big accounting scandals.
The most important thing about the markets is that the public trusts them. If that creates accounting requirements that are too onerous for some small time ipos, so be it. Because if there is no trust, there are no markets and there won't be any small time ipos anyways.