This article is just cherry-picking examples of specific tech companies and trying to make the point that SOX is onerous on that basis.

If instead, you look at NASDAQ's own website of recent IPOs[1] and look at the market cap of those companies there's plenty of smaller companies to be found.

E.g. BWB went public less than a month ago and has a market cap of ~300M, meanwhile that Vox article is claiming Netscape's IPO of 2B would be impossible today. AIHS is hovering at ~150M and DNJR at ~60M, both companies public in the last month.

Again, maybe it's true, but given all that I'm more willing to believe that the tech sector in particular just has more access to private equity than it did 20 years ago, and thus there's less pressure to go public. It's more of a hassle to be public, and that applied before SOX, at the very least you need to deal with nosy shareholders wondering how their money's being used.

1. https://www.nasdaq.com/markets/ipos/activity.aspx?tab=pricin...