The Big Four Blog, written by professionals and alumni from the accounting firms of Accenture, Andersen, BearingPoint, CapGemini, Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers. made the following comments on Grant Thornton’s Wake Up Call for America:
First of all, we must say it is a compelling read with some disturbing trends and conclusions that vividly show that the US has experienced serious decline of leadership in the IPO market, and overseas markets have seen rapid growth in IPO listings, especially in Asia, where listings have more than exceeded their strong GDP performance. …
Doubtless, there is a crisis in the US IPO markets, and this issue is getting compounded each year. If action were not taken now, the US could lose the lead it has held for decades in global capital markets. The situation is dire indeed, and all regulators and lawmakers should react to save the US from certain followership.
This report is a must-read for all players in the capital market space, and we trust you will find the results equally astounding.
Clearly, this is a wake up call for America, and the title does full justice to the seriousness of this problem.
For anyone interested in listening to the archived webcast form November 9th, CLICK HERE
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Tags: IPO crisis, IPOs, regulation reform, Sarbanes Oxley, securities markets, technology, venture capital exits
December 28th, 2009 at 12:09 pm
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December 28th, 2009 at 1:13 pm
Re: Pascal's View – New comment requires moderation on: Liink to Archived Grant Thornoton Webcast and Bloggers from Accounting Profession Weigh in on Grant
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March 10th, 2010 at 3:43 pm
Re: Pascal's View – New comment requires moderation on: Link to Archived Grant Thornton Webcast; Accounting Bloggers Weigh in on Study
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