Mark Wood, head of Katten's Securities practice, was quoted by Law360 on a proposal being considered by the New York Stock Exchange (NYSE) that would allow private companies to list on the exchange without an initial public offering (IPO). Mark notes that not all companies need to raise their capital and profile through a standard IPO. He stated, "If it works for Spotify, I am sure that there will be more companies that do it. But I don't see it as being a direct threat to the IPO process for most companies." ("NYSE Rule Change Would Make It Easier To List Without IPO," June 12, 2017)