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Viewpoint

Almost every company starts off in private hands, and today, more and more are staying that way, as owners take the view that such businesses benefit from increased agility, greater flexibility and the ability to take a long-term perspective. But is this a temporary phenomenon or a more permanent trend? 

Barriers to entry are down in many sectors, so there are fewer and fewer businesses that require really large amounts of capital. And the sheer weight of governance for listed companies is becoming more and more extreme