2026 Forbes Iconoclast Summit | Public vs. Private: Capital Market Shifts and the Road Back to IPOs

As private capital continues to reshape the funding landscape, the balance between public and private markets is undergoing a fundamental shift. This session will explore the growing dominance of private credit over broadly syndicated loans, the competitive tension between private capital and traditional IPO pathways, and what it will take to revive public market activity. Industry leaders will discuss the structural, regulatory, and market changes needed to replenish the public markets and assess when—and under what conditions—the IPO window may fully reopen. Forbes Assistant Managing Editor Steve Bertoni sits down with Marcelo Claure, Partner & Co-Chair, Brightstar Capital Partners, Michal Katz, Head of Investment & Corporate Banking, Mizuho Americas, and Lynn Martin, President, NYSE Group, at the 2026 Forbes Iconoclast Summit in New York City.