"U.S. making comeback as IPO destination" (Reuters) Excerpt:
After seeing its share of the global IPO [initial public offering] pie dwindle earlier this decade, the United States has staged a comeback in the 18 months, reclaiming its place at the top of the heap for initial public offerings. ...
So far this year, on the strength of a modest string of seven deals, the U.S. share of global IPOs in dollar terms is 31.2 percent, according to Thomson Reuters data, keeping pace with its share last year and more in line with historical averages, and slightly ahead of China.
As recently as 2007, the U.S market share had been 12.4 percent, its worst performance this decade, as emerging markets surged and their stock exchanges matured. ...
"The U.S. capital market is still the most mature in the world, has the deepest pool of liquidity and has the broadest shareholder base," said Scott Cutler, the head of listings at New York Stock Exchange parent NYSE Euronext.
Monday, June 8, 2009
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