Good morning. Similar to the volatility observed in April, market uncertainty increased in October amid renewed concerns over a potential flare-up in the U.S.–China trade war. Lynn Martin, president of the New York Stock Exchange (NYSE) Group, offered some advice for business leaders.
Martin noted that public listings on the NYSE have come roaring back in 2025. “The IPO market is really, really strong,” she said. “We’ve had a great year so far across all sectors.”
She also said she doesn’t necessarily see headwinds for companies pursuing IPOs, but noted that many are choosing to stay private for longer. “Some of that is due to the costs of being a public company,” she said.
“We’re incredibly optimistic about the proposal that SEC Chair Paul Atkins recently issued to give CFOs the option of semiannual reporting,” Martin added. “I don’t know how many CFOs will actually take the SEC up on that.”
Martin said semiannual reporting could help private companies ease into the public markets. The NYSE has long advocated this approach, she added.
“I think the rigidity around reporting has become onerous, and there’s a cost associated with that,” she said. “There’s a scaffolding that comes with being a public company—the quarterly earnings calls, the prep work, the roadshows, the disclosures upon disclosures. Simplifying some of those requirements would certainly lessen the cost.”
Resilience and adaptability continue to define the companies that endure.
