Jackie Danicki

Has there ever been a better example of why regulation sucks?

Last year, more than 350 companies went public in Europe, selling $86 billion of stock, according to data compiled by Bloomberg. In the U.S., 235 companies raised $48 billion in IPOs. In 1999, 507 companies went public in the U.S., selling a combined $63.93 billion of stock. Not one of the 10 largest stock issues of 2006 was listed in New York.

Well, the American economy’s great loss is the UK economy’s great gain…

Filed under: Law, Life, Politics, The State Is Not Your Friend