Perspective: How the free market, and not Wall Street, can ensure more Americans share in prosperity
NEW YORK, NY - MARCH 19: A Lyft logo is displayed on a vehicle driving through Times Square, March 19, 2019 in New York City. Lyft, the popular ride-hailing service and competitor to Uber, is planning its initial public offering on the NASDAQ stock exchange in the coming weeks. Lyft is projecting investors will buy the stock for between $62 and $68 per share, with the company expecting to raise over $2 billion through the sale of stock.
Over the same period, meanwhile, the number and size of private equity deals has more than tripled. Deals exceeding $1 billion, once rare, now account for a third of purchases by private equity funds, which are holding on to their portfolio companies longer and often selling them to other private equity firms rather than taking them public.
Of course, if Wall Street wants to know who is most responsible for this loss of market share, it need only look in the mirror. “The concentration of power in our capital markets — and the SEC’s failure, in the past, to grapple with its implications — has left us with a marketplace in which investors have only the slimmest menu of choices,” said Jackson.
There’s a good argument to be made that public policy should aim to level the regulatory playing field between public and private companies. But the better way to even out those differences is not to allow public companies to disclose less but to make big private companies disclose more.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
GOP state representative votes against ensuring free menstrual products in prison: It's not 'a country club''Everyday, when I open my bathroom closet and observe my stash of tampons, I think: 'it's just like a country club in here,'' one social media user commented.
और पढो »
GE shares drop after giving 2019 earnings forecast lower than Wall Street estimatesGeneral Electric gave shareholders an updated earnings forecast on Thursday.
और पढो »
Lyft gets its first Wall Street buy recommendation and it's not even public yetLyft won't list on the Nasdaq until the end of March but one Montana-based investment firm is already rating it a 'buy.'
और पढो »
Perspective | How to ensure we have a more open, accountable governmentPerspective: How to ensure we have a more open, accountable government
और पढो »
Stock market ends mostly lower as Sino-American trade worries keeps Wall Street buying appetite in check
और पढो »
Perspective | Why Americans must rise to the challenge of an aging populationPerspective: Why Americans must rise to the challenge of an aging population
और पढो »
Perspective | Donald Trump may not be Andrew Jackson’s true heir in the 2020 presidential racePerspective: Donald Trump may not be Andrew Jackson’s true heir in the 2020 presidential race
और पढो »
Use free WiFi? Be careful what you shareAre you working in a Starbucks on their open WiFi or in the airport on that free WiFI? Just know hackers can easily view everything you send over that network. Reuters interviewed the crack team handling the security of the biggest cyber security...
और पढो »
Hopes of Fed standing pat on rate hikes drive Wall Street higherWall Street's main indexes climbed on Tuesday, as investors hoped for a mor...
और पढो »
EU, UK market watchdogs clash over no-deal Brexit share tradingThe European Union's markets watchdog published guidance on Tuesday identif...
और पढो »