The U.S. share of global capital markets activity has been declining for much of the decade, according to new research by the Commission on the Regulation of U.S. Capital Markets in the 21st Century. Since 1996, the U.S. participation rate in the 25 largest global IPOs each year has declined, along with U.S. market share of total worldwide listings of public companies, a commission statement about the survey said.
"The strength and competitiveness of our capital markets have a tremendous influence on our economy and affect the opportunities and well-being of millions of workers and investors," A.B. Culvahouse, commission co-chair and chairman of law firm O'Melveny & Myers, said in the statement. "We must take steps to ensure that the U.S. capital markets continue to fuel our economy and entrepreneurial spirit."
The bipartisan commission was formed by the U.S. Chamber of Commerce "to consider the impact of recent regulatory changes on the capital market
s and the appropriate overall legal and regulatory framework to ensure efficient capital flows throughout our economy," the statement said.