VIDEO RECORDING: SEC-NYU Dialogue on Reviving the U.S. IPO Market
On May 10th in New York City, the SEC and New York University’s Salomon Center hosted a forum on reviving the IPO market to help drive the economy and create jobs. The forum explored the economic causes and consequences of the perceived weakness in the U.S. IPO market and discussed ways to encourage more capital-raising through IPOs.
NYU shared a video recording of the forum on YouTube. The 3 hour video can be viewed above or HERE.
The agenda was as follows:
9:10am Introduction – Dean Peter Henry, NYU Stern School of Business
9:15am Welcome remarks – Commissioner Michael Piwowar
9:30am Session 1: Review of the IPO Market
Review of the current state of the U.S. IPO market from an academic perspective and a discussion of the economic causes and consequences of the continued weak IPO market.
Moderator: Scott Bauguess – Acting Chief Economist, U.S. SEC
Alexander Ljungqvist – New York University
Roni Michaely – Cornell University
Rene Stulz – Ohio State University
10:45am Session 2: Panel on Regulatory and Other Market Influences
A discussion of what has led to the current state of the IPO market, including changes in technology and funding sources, the macroeconomic environment, regulatory and institutional influences, and the challenges these issues pose for firms seeking to raise capital.
Moderator: Tom Braithwaite – Financial Times
Steven Bochner – Partner, Wilson Sonsini
Chris Cooper – Global CFO, Sequoia Capital
Frank Hatheway – Senior Vice President and Chief Economist, NASDAQ
Adam Smith – Head of Capital Markets, KKR
12:00pm Session 3: How to Revive the IPO Market
A discussion of what can be done to revive the IPO market, focusing on possible solutions driven by the needs of IPO market participants, as well as potential regulatory responses.
Moderator: Rick Fleming – Investor Advocate, U.S. SEC
Thomas Farley – President, NYSE Group
Robin Graham – Managing Director and Head of Technology for IB, Oppenheimer
Conor Kehoe – Partner, McKinsey, Investor and Private Equity Practice