Check out this Business Week article comparing IPOs this past year.
China $53 B
Britain $48.3 B
NY NASD $45.8 B
Companies are wanting to go public in their country of origin. Nothing speaks to globaliztion more than the above statistic. Not helping are onerous SARBOX requirements for public companies here, none of that overseas, and in fact the London Stock Exchange touts just that advantage. Perhaps the recent actions of Mayor Bloomberg are a precursor to what is happening, a couple of years back he banned smoking in NY restaurants, now he is telling fast fooders what can of oil they can use. Such meddling results in people voting, usually with their feet as investment banking scurries overseas.
DLE
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