Trump vows to make IPOs great again

Source: economist.com

Donald Trump's administration is pushing reforms to make initial public offerings (IPOs) cheaper and faster, aiming to reverse the decline in US stock listings. Wall Street bankers and companies back the plan, which targets burdensome regulations from the Sarbanes-Oxley Act and beyond. It matters because fewer IPOs have starved public markets of new stocks, pushing firms to stay private longer and limiting investor opportunities.