The listing pipeline is thin, and corporate treasurers say they know why

Six companies withdrew filings this year. Their finance chiefs point to the same three costs, and none of them is the fee schedule.

Six companies have withdrawn listing filings this year, a rate that would be unremarkable in a busy market and is not in a thin one.

Finance chiefs point to disclosure burden, the cost of maintaining a compliance function, and valuation expectations.

None of them cited the exchange fee schedule, which is the thing most often proposed for reform.

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