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Grown From The Shadows: How Technology And Taxes Can Bring Private Companies Into The Public Light, Alon Sugarman
Grown From The Shadows: How Technology And Taxes Can Bring Private Companies Into The Public Light, Alon Sugarman
Vanderbilt Journal of Entertainment & Technology Law
The initial public offering (IPO) has started to make a comeback, but in forms that require less oversight and at a later point in a company’s lifecycle. These new trends cut main street investors out of early-stage corporate growth and have imperiled the fortunes and retirement funds of a generation. One of the most significant precipitating factors in this new dynamic is electronic private markets that allow sophisticated investors to trade pre-IPO shares. These electronic private markets provide liquidity to institutional investors, which relieves institutional pressure on companies to go public. The current approaches to IPO reform are primarily deregulatory, …