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Sox is not deterring listings, claims NYSE chief

NEW YORK – The new president and co-chief operating officer of the New York Stock Exchange (NYSE) has denied the Sarbanes-Oxley Act (Sox) has been a factor in falling numbers of initial private offerings (IPOs) in the US.

Duncan Niederauer, speaking at the Securities Industry and Financial Markets Association technology conference in New York, also claimed that a corner has been turned and the IPO exodus from the US has undergone a reversal.

"What has been coming out of the Treasury recently has been thoughts that the pendulum is about to swing in favour of New York. Historically Chinese companies have stayed in

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