Oct 9, 2015 • 26M

#306: Weild & Co. Working To Give Companies Greater Access To Capital

 
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Devin Thorpe
Some of the world's great changemakers join host Devin Thorpe to share leadership lessons you can use to increase your impact.
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October 8, 2015 - Read the full Forbes article and watch the interview here: http://onforb.es/1FVXpiG. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. “The United States was once had IPO markets that made our stock markets the envy of markets throughout the world,” according to David Weild IV, Chairman and CEO of Weild & Co. He continues, “With the move to electronic markets beginning in 1998, the small IPO collapsed. The US should be averaging 950 IPOs a year and we muster only 150 IPOs on average since 2000–a number that doesn’t even replace what is lost in an average year. This cost the US economy 10 million jobs.” Weild, the former vice chairman of the Nasdaq Stock Market and an expert on capital formation who worked on many aspects of the 2012 JOBS Act. His concern about where the markets have gone is matched by his enthusiasm for where they could go. “Of course, the JOBS Act was passed and that helps to drive down costs for corporate issuers. In the meantime, we were the catalysts for the SEC Tick Size Pilot which launches this spring and the current discussions in Congress for ‘Venture Exchanges’–a totally new type of stock exchange that would be optimized for the needs of small (sub $2 billion market value) capitalization stocks,” Weild adds. “In addition, Weild & Co. is working to crash the cost of helping corporations market to much larger numbers of the right investors over the internet. To date, we’ve been able to as much as double institutional investor interest on IPOs and we think this is the beginning of something revolutionary.” Please consider whether a friend or colleague might benefit from this piece and, if so, share it.