“Making IPOs great again” is a stated goal of Paul S. Atkins, U.S. Securities and Exchange Commission (SEC) Chairman. To redress a decline in the number of companies listed on the U.S. exchanges over the past three decades, Chairman Atkins wants to streamline SEC reporting requirements and, to the extent feasible, “de-politicize” public shareholder meetings and reduce the threat of shareholder litigation. By reducing the burdens placed on public companies, Chairman Atkins and many others hope that more private companies will be motivated to raise money in public markets.
Source: Public or Private? A Guide for Growing Companies