A dearth of I.P.O.s, but it’s not the fault of red tape

Steven Davidoff Solomon writes for The New York Times, March 28, 2017

The confirmation hearing last week for Jay Clayton, who has been nominated to head the Securities and Exchange Commission, focused on the continued sluggishness of the market for initial public offerings. Senators pushed the nominee to do something, anything, to revive it.

The problem is that there is no magic wand — including deregulation — that can fix the decline.