\u201cCompanies are staying private longer or bypassing public markets entirely. Investors are looking elsewhere. And, as a result, the fundamental role of public markets in supporting innovation, job creation, and equitable wealth distribution is under threat,\u201d it said.<\/p>\n
Against that backdrop, the group\u2019s letter \u2014 co-signed by the CEO of TMX Group Ltd. and vice-chairman of the WFE, John McKenzie, along with executives from various exchanges around the world, including trading venues in the U.S., Europe and Asia \u2014 called for action to rejuvenate public markets.<\/p>\n
\u201cWe will launch a multi-year campaign to investigate and address the structural causes of public market decline, beginning with an urgent focus on the IPO drought,\u201d it said, noting that globally, IPO activity is at a five-year low.<\/p>\n
The WFE said its campaign will be based on research, cross-market collaboration and policy engagement, with a view to \u201c[restoring] vitality to public markets worldwide.\u201d<\/p>\n
Among other efforts, the WFE said it will promote greater alignment between private and public markets, seek policy reforms to encourage IPOs and reduce market fragmentation, and promote confidence in the advantages of public markets.<\/p>\n
\u201cWe will promote a model that embraces calibrated risk-taking in the interests of long-term growth and household security, building on literacy programs, the availability of independent research, the use of derivatives as well as securities, central clearing and the high-quality data that only exchanges can provide,\u201d it said.<\/p>\n
\u201cOur ambition is simple yet profound: to ensure that public markets remain a dynamic, inclusive engine of global economic progress for generations to come,\u201d it concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cCompanies are staying private longer or bypassing public markets entirely. Investors are looking elsewhere. And, as a result,…\n","protected":false},"author":2,"featured_media":4037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,100],"class_list":["post-4036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/4036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=4036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/4036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/4037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=4036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=4036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=4036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}