"Given the paucity of firms that are entering the public market, any firm that chooses to launch an IPO today can expect to generate added exposure in the business press and investor community. Another reason to go public is that many investors now have the time and willingness to read through prospectuses and offering memorandums--due diligence is back in style."
"And because so few companies have gone public recently, it's easier for a firm to negotiate a much more competitive fee basis structure with the various law firms and CPA firms needed to launch their IPO. All of these factors make it an advantageous time to go public today."
In response to GlobeSt.com's reader responses, Miller says that "most people tend to follow media reports which are driven by bad news. These reports rarely look at the silver lining. But the silver lining is there: Our office leasing/tenant rep business is an example. As we represent office users, we are assisting them with long term renewals and relocations. The length of these leases suggests that many tenants are locking in competitive rents for the long haul."
"What does this have to do with the question of going public? It shows that business activity and confidence is actually stronger than conventional wisdom would have you believe. Against this backdrop of selective economic improvement, making the leap from a private to a publicly-traded company makes more sense."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
