Has Wall Street turned its back on the little guy? If you listened yesterday to Mark Cuban on "The Strategy Session," you already know the answer.
Without mincing words, Cuban pointed out a rather disturbing trend on The Street: it is impossible today for small- and medium-sized technology companies to go public.
Behemoths like Goldman Sachs, Morgan Stanley and JPMorgan Chase are turning up their collective noses at today's startups, a result no doubt of the post-tech bubble scars.
If Mark is right, than today's "Call-To-Action" is easy: look at boutique firms, which are sure to cash-in on the void.
Firms like Jeffries Group, Lazard, CowenGroup, William Blair and Piper Jaffray were made for an environment like today's.
Just because Goldman and Morgan have bigger fish to fry doesn't mean smaller tech companies won't need to access the capital markets. In short, there is business to be done, and if Goldman doesn't want it, I'm sure a Lazard does.
As Cuban pointed out, there is potential here.
If the big boys don’t scoop up the opportunity, then maybe it’s appropriate that small- to midsized-shops do.
Mark Cuban Links:
- Mark Cuban: Government Doesn't Understand Job Creation
- BP Needs to Rebuild Gulf Businesses: Mark Cuban
"The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
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