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Between January and August this year, public real estate investment trusts [REITs] issued $18 billion worth of securities, "which is more than what was issued in any single year in the 1990s when we had the big IPO [initial public offering] wave".
He also pointed out that the old system did not keep any auditable electronic record of what was issued to whom, by whom and when: the new Civil Registration and Vital Statistics database management system is critical in filling all of these gaps.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com