Law360, New York (April 24, 2015, 2:57 PM EDT) -- With a total of 284 U.S. operating company initial public offerings in 2014, the U.S. securities market might appear to be on an upswing — after all, this was its biggest year since the dot-com era ended in 2000. Nonetheless, this figure does not compare with what it should be given our annual 3 percent gross domestic product growth rate, which would have required 520 IPOs if the dot-com era is used as the baseline. Furthermore, the U.S. is no longer the world leader in IPOs — it has fallen to no. 2 in large IPOs and no. 12 in small IPOs, and has experienced a decrease to only 5,000 listed companies from 9,000 in 1997. The shrinking U.S. IPO market brings associated potential problems: lackluster employment opportunities, decreased innovation and failure of the U.S. to sustain itself as a market leader....
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