IPOs traditionally have been the pinnacle of success for companies, but Barry Silbert, founder and CEO of SecondMarket argues that’s no longer true. The IPO market, he tells students in this Entrepreneur Thought Leader Lecture at Stanford University, is dying a painful death. Silbert cites several reasons for this, ranging from Sarbanes-Oxley to the shift to online brokerages, which cut into the research budgets of brokers, who shifted their focus to large cap companies and began paying less attention to smaller ones.
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