The IPO Slump Is Fine Unless You’re Jamie Dimon: Aaron Brown

Two senior Wall Street executives complained this week that over-regulation is discouraging initial public offerings. JPMorgan Chase & Co. CEO Jamie Dimon partly blamed the zeal of securities regulators for the drop in IPOs that began in March 2022, a sentiment echoed by Citadel Securities CEO Peng Zhao.

I’m not convinced we should care about the number of IPOs. It doesn’t pay to fight the market. If companies have found better alternatives, the response should be to anticipate problems and exploit opportunities with those rather than trying to woo companies back to the old paths. Established players like JPMorgan and ...