
Jamie Dimon, CEO of JPMorgan Chase, has called for regulators to ease the obstacles companies face when attempting to go public. His remarks echo concerns raised by Peng Zhao, CEO of Citadel Securities, who noted that excessive regulation is discouraging firms from pursuing initial public offerings (IPOs). Zhao's comments reflect a broader sentiment in the corporate sector regarding the impact of regulatory pressures on market activities. Additionally, Glen Kacher highlighted that the current regulatory environment, particularly under Lina Khan's leadership at the Federal Trade Commission (FTC), is contributing to a slowdown in liquidity within private capital markets, which poses challenges for institutional investors such as university endowments and pension funds. Kacher emphasized that a lack of decisive leadership from potential IPO candidates and their advisors is exacerbating the situation.
"Who's afraid of Lina Khan?" An interesting & honest piece could keep the fawning but include: 1. Lower income consumers facing higher food prices w/ Robinson-Patman enforcement attacking discounts. Afraid. 2. Little tech without M&A exit. Afraid. 3. The courts. Not afraid.
Citadel Securities CEO Says Regulation Is Deterring IPOs @KatLeighDoherty https://t.co/i3nqU3wGyM
Lina Khan’s anti-M&A leadership at the FTC as well as a lack of leadership from IPO candidates’ CEOs and investment bankers is causing the wheels of liquidity to grind to a halt in private capital markets. This is a major problem for university endowments, foundations, pension…
