EY - Looking behind the declining number of public companies

EY Growth Markets Webcast

Looking behind the declining number of public companies

Trends in US capital markets and the impact on capital formation

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The capital markets landscape has changed considerably over the past two decades, including the expansion of private capital markets and related regulatory changes.

This session explores what lies behind:

  • The decline in the total number of US public companies
  • The attractiveness of US public capital markets today
  • The growing vibrancy of private capital markets
  • Recent policy actions impacting capital formation

Panelists

EY - David A Brown

David A Brown

EY

David Brown is a Principal and leads the Equity Capital Markets Advisory practice of Ernst & Young LLP. In this role, he is responsible for managing the equity capital dialogue across the US firm’s corporate client base, providing analysis, perspective and guidance as companies consider public and private market capital raising alternatives.

David provides clients with capital markets and investment banking advisory services and transaction support for projects including Initial Public Offerings, follow-on offerings, Convertible Debt offerings, Private Placements, capital structure analysis, acquisition financing, and return of capital analysis

David joined EY in April 2015 after nearly 20 years of Wall Street experience and completing 100+ transactions across the capital markets product spectrum. He graduated from Northwestern University with a Bachelor of Arts as a double major in both Mathematical Methods in the Social Sciences and Economics.

EY - John D Hallmark

John D Hallmark

EY

John Hallmark is a director in the Office of Public Policy of Ernst & Young LLP in Washington, DC. In his role, John interacts with congressional offices and federal agencies on behalf of the firm’s legislative and regulatory interests. Heis experienced on financial services regulation and the legislative and political processes ofCapitol Hill.

John joined EY from the Securities Industry and Financial Markets Association (SIFMA) where he served as Managing Director of Government Relations. Before joining SIFMA, John was a legislative staffer working on issues before the Senate Banking Committee and, later, the Senate Finance Committee.

John earned a BA from Georgetown University and a JD from the Georgetown University Law Center. He is a member of the American Bar Association and the Maryland State Bar Association.

EY - Chris Holmes

Chris Holmes

EY

Chris Holmes is a partner of Ernst & Young LLP and National Director of SEC Regulatory Matters.  Chris is part of the National Professional Practice for the firm’s Assurance Services and is based in Washington, D.C. Chris has more than 35 years’ experience in public company auditing, SEC reporting, securities registration and initial public offerings.

Chris is responsible for developing the firm’s positions on proposed SEC rules. Chris also is responsible for its policies and practices with respect to SEC filings and regulatory compliance. Chris leads a team that consults regularly with the SEC staff to resolve issues involving corporate financial reporting and the interpretation and application of SEC rules and regulations. 

Chris received a Bachelor’s of Science in business administration from the University of North Carolina at Chapel Hill.  He is a member of the AICPA and the North Carolina Association of Certified Public Accountants. 

EY - Jeff Grabow

Jeff Grabow

EY

Jeff Grabow is the US Venture Capital Leader for Ernst & Young LLP, where he works directly with rapidly growing, venture-backed companies and venture capitalists in Silicon Valley.  Jeff has been part of the venture finance environment on the West Coast for more than 29 years and has experienced first-hand Silicon Valley’s explosive growth. Jeff is passionate about identifying opportunities for early stage companies to exploit global markets and promote sustainable growth. 

Jeff has written about trends in venture capital for EY Voices on Forbes.com, TechCrunch, Wired and other publications, and is frequently quoted in the press regarding venture finance, initial public offerings and entrepreneurship. 

Moderator

EY - Jackie Kelley

Jackie Kelley

EY

Jackie Kelley is a Partner of the Ernst & Young LLP Financial Accounting Advisory Services practice. Jackie has more than 25 years of experience providing financial and strategic advisory services to public and private companies executing transactions, including IPOs, mergers, acquisitions, divestitures, leverage recapitalizations and more.  She has delivered a variety of services including IPO/transaction readiness assessments, financial reporting and operational process improvement, financial audits, internal audits, governance advisory, internal controls and compliance services.

As part of the EY Strategic Growth Markets executive team, Jackie and EY professionals around the world collaborate with private equity, venture capitalists, investment bankers, securities lawyers, stock exchanges and other IPO advisors in the execution of global IPOs. 

Jackie holds a Masters degree in Accounting and Bachelors of Science in Business from the University of Southern California.  She attended the Kellogg School of Management as part of its executive program with EY.   Jackie is a Certified Public Accountant in California.