Why U.S. Public Companies Have Halved Since the ’90s — IPOs, SPACs & Capital in 2025
<div class="section-block section-executivesummary”> Gist The U.S. public company count has fallen about 40% since the late 1990s, as regulatory costs and ample private capital keep many growth firms from listing. New 2024 SEC rules significantly tighten disclosure, liability, and reporting standards for SPACs and de-SPACs, pushing them closer to traditional IPO regimes. Despite macro headwinds, …
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