Plugging the IPO Drain

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This is an opinion item.

Author(s) Reynolds Holding
Source Time
Date February 8, 2007
Quotes-start.png "Corporate executives estimate that the law has cost U.S. companies tens of billions of dollars in extra auditing fees and other expenses. Yet the U.S. share of IPOs began falling six years before Sarbanes-Oxley even existed. In 1996 about 60% of all IPOs took place on Wall Street. By 2001, only 8% did. In fact, the U.S. share has on average increased since then, despite Sarbanes-Oxley, to about 15% in 2005." Quotes-end.png

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This item argues against the position Act should be repealed on the topic Sarbanes-Oxley Act.