Question:
For the first years after the passage of Sarbanes-Oxley, many companies chose to go public in London (the AIM = Alternative Investment Market sponsored by the London Stock Exchange). Some are claiming that SOX is to blame.
Do you agree, or is there more to the story? Has the collapse of world financial markets over the past two years changed the pattern (though there haven't been all that many IPOs!)?
The desire of small public companies to escape from SEC reporting requirements, a related topic, is discussed at:
https://bigfatfinanceblog.com/2009/04/08/the-dark-sides-bright-side-lower-compliance-costs/.