Age old problem. When you run out of institutional buyers, you convince the regulatory powers to be that an even more unsophisticated class deserves access. More expensive. Impossible to trade. But regulators have erred in making public markets hostile to companies still growing. Have to make public markets a place for new and growing companies again.
Age old problem. When you run out of institutional buyers, you convince the regulatory powers to be that an even more unsophisticated class deserves access. More expensive. Impossible to trade. But regulators have erred in making public markets hostile to companies still growing. Have to make public markets a place for new and growing companies again.