Law360, New York (March 14, 2017, 9:08 PM EDT) -- Companies, especially venture-backed technology startups, are staying private for longer periods of time these days, delaying initial public offerings or sometimes abandoning them altogether in favor of acquisitions and other alternatives.
The shift is part of a decadeslong trend that has seen private funding options expand while complying with public market regulations has become more expensive, among other changes that have altered the incentives for going public.
Accounting giant Ernst & Young reports that the number of public companies is down 50 percent from a 1996 peak of more than 7,000 to fewer than 4,000 now. And while the 1990s routinely...
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