Reviving the US IPO Market – New York City

The Dialogue will be held on May 10, 2017 at New York University’s Salomon Center for the Study of Financial Institutions and will be open to the public. Webcasting will also be available. The preliminary program will include:

8:30am       Coffee service

9:10am       Introduction – Dean Peter Henry, NYU Stern School of Business

9:15am       Welcome remarks – Acting Chairman Michael Piwowar

9:30am       Session 1: Review of the IPO Market

Moderator: Scott Bauguess – Acting Chief Economist, U.S. SEC

• Alexander Ljungqvist  – New York University
• Roni Michaely  – Cornell University
• Rene Stulz  – Ohio State University

Review of the current state of the U.S. IPO market from an academic perspective and a discussion of the economic causes and consequences of the continued weak IPO market.

10:30am     Break

10:45am     Session 2: Panel on Regulatory and Other Market Influences

Moderator: Tom Braithwaite  – Financial Times

• Steven Bochner  – Partner, Wilson Sonsini
• Chris Cooper  – Global CFO, Sequoia Capital
• Adam Smith  – Head of Capital Markets, KKR

A discussion of what has led to the current state of the IPO market, including changes in technology and funding sources, the macroeconomic environment, regulatory and institutional influences, and the challenges these issues pose for firms seeking to raise capital.

11:45am     Break

12:00pm     Session 3: How to Revive the IPO Market

Moderator: Rick Fleming – Investor Advocate, U.S. SEC

• Thomas Farley  – President, NYSE Group
• Robin Graham  – Managing Director and Head of Technology for IB, Oppenheimer
• Conor Kehoe  – Partner, McKinsey, Investor and Private Equity Practice

A discussion of what can be done to revive the IPO market, focusing on possible solutions driven by the needs of IPO market participants, as well as potential regulatory responses.

1:00pm       Concluding remarks