Securities and Exchange Commission Chair Paul Atkins aims to streamline IPO processes by lightening public disclosure requirements for smaller companies. He argues that current reporting rules are burdensome and have led to a 40% drop in public companies since the mid-1990s. Atkins also plans to refocus public disclosures to be financially material rather than emphasizing environmental, social, and governance (ESG) policies. Additionally, he is considering reforms to executive pay disclosure and making it easier for companies to ignore ESG-related shareholder proposals. Despite market volatility, the US IPO market has seen several major listings this year.

Read more at Yahoo Finance: SEC Chair Atkins calls for new rules for smaller companies to ‘make IPOs great again’