Ross Carmel Quoted in Law360’s “Pent Up’ Demand For IPOs Could End Drought In 2024″

Press Release – New York, NY – January 4th, 2023 – Ross Carmel, partner of Sichenzia Ross Ference Carmel LLP, was quoted today in an informative article by Tom Zanki.

The article, titled “Pent Up’ Demand For IPOs Could End Drought In 2024”, examines the possibility of initial public offerings rebounding compared to the last two years, notably forecasting which organizations will join the market and which IPOs may accelerate.

“Which companies will jump first is yet another question. Capital markets attorneys will watch
whether a marquee name — financial payments startup Stripe Inc. has been rumored among
top IPO prospects for years — will open the door for more deals.

Stripe last raised $6.5 billion in a private round last March at a $50 billion valuation in a
financing that was largely designed to allow Stripe employees the ability to sell their equity.
Sichenzia Ross Ference Carmel LLP partner Ross Carmel noted that Stripe’s many private
investors will eventually want the liquidity that public markets provide.

Stripe was also reportedly on track to turn a profit in 2023, which could boost its appeal with
public investors. Stripe declined to comment on whether it is considering an IPO.“

Ax well, when asked for his thoughts on how Stripe fares amongst the top IPOs, Ross had this to say:

“Stripe has probably the best opportunity to be the one to open the floodgates.”

Press here to read the full article and more at Law360.

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Sichenzia Ross Ference Carmel LLP

Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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