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I would argue the point of Sarbox was to squish the IPO market. Not an unintended consequence at all.

It was done with the bigger picture of restoring retail confidence in the market. That could only be achieved by damping the oscillations.

I agree it's been a bad thing. What is odd to me is that I exepcted IPO activity to take off in a different jurisdiction, like London or Toronot or somewhere. That hasn't happened really. Instead it's just a case of some companies getting picked off by bigger ones, a couple of big home runs, and the rest sputtering along making a but if money but soaking up investors time and patience.




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