Regulators should finally require some transparency of large private firms ...Middle East

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Regulators should finally require some transparency of large private firms
The rapid growth of private markets has been among the biggest shifts in the capital raising ecosystem since the end of the financial crisis. In the United States, more money was raised on the opaque private markets than on the well-oiled public markets in each of the past 10 years. And most of this money has poured into private companies valued at over $1 billion. Named “unicorns” in the early 2010s because they weren’t supposed to exist, such companies now number more than 1,100 worldwide, with more than half based in the U.S. Unicorns are even part of the cultural zeitgeist thanks to recent binge-worthy shows such as “WeCrashed” (about WeWork), “The Dropout” (Theranos) and “Super Pu

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