Listing Gap Insights

There's a striking decline in the number of public companies, dropping from over 7,300 in the late 1990s to around 4,200 today. The primary drivers of this trend are fewer initial public offerings and a steady stream of mergers and acquisitions. Interestingly, while the total number of companies has decreased, the remaining firms tend to be larger, as many of the smallest companies have been removed from the market.