Looking at Figure 4.6, describe the trend in gross public equity issues and IPOs in the United
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Looking at Figure 4.6, describe the trend in gross public equity issues and IPOs in the United States during the last 35 years. How do you explain this trend given what we observe in Figure 4.5? Explain.
Figure 4.5
Figure 4.6
Transcribed Image Text:
100 1985 1995 2000 2005 2015 1990 1980 2010 -100 + -200 -300 -400 -500 -600 -700 -800 Dollars in billions 350 300 250 Gross public equity issues 200 150 100 50 IPOS 0 - 1980 1985 1990 1995 2000 2005 2010 2015 Dollars in billions
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