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An overwhelming 71% of our readers believe that now is not a good time to go public, check-marking “false” in response to GlobeSt.com’s latest Quick Poll statement “Now Is a Good Time to Go Public.” We found a contrarian response from Marc Miller, executive vice president of New York City-based Winoker Realty Co., who believes that now is absolutely a good time for a company to go public.

“Given the paucity of firms that are entering the public market, any firm that chooses to launch an IPO today can expect to generate added exposure in the business press and investor community. Another reason to go public is that many investors now have the time and willingness to read through prospectuses and offering memorandums–due diligence is back in style.”

“And because so few companies have gone public recently, it’s easier for a firm to negotiate a much more competitive fee basis structure with the various law firms and CPA firms needed to launch their IPO. All of these factors make it an advantageous time to go public today.”

In response to GlobeSt.com’s reader responses, Miller says that “most people tend to follow media reports which are driven by bad news. These reports rarely look at the silver lining. But the silver lining is there: Our office leasing/tenant rep business is an example. As we represent office users, we are assisting them with long term renewals and relocations. The length of these leases suggests that many tenants are locking in competitive rents for the long haul.”

“What does this have to do with the question of going public? It shows that business activity and confidence is actually stronger than conventional wisdom would have you believe. Against this backdrop of selective economic improvement, making the leap from a private to a publicly-traded company makes more sense.”

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