Global IPOs 2006, by dollar volume

Tuesday, January 16, 2007 | 10:39 AM

Continuing on our international theme from yesterday, there was a fascinating piece of infoporn in today's NYT: IPOs by Country/Financial Capital.

Note the top 6:

1. Hong Kong
2. London
3. NY (NYSE)
4. NY (NASDAQ)
5. Amsterdam (Euronext)
6. London (AIM)

>

0116bizwebhongkong
Graphic courtesy NYT

I>

If you combine various locales, you get some interesting data (NYSE + Nasdaq, Hong Kong + Shanghai, London + London AIM)

NYTimes Ubiq-cerpt:™:

Hong Kong and Shanghai are not just competing with each other — they are also vying with Tokyo and Singapore to become the most important financial center in Asia. Each wants to be the place where investment banks, hedge funds, insurance companies and other big investors send their best and brightest to oversee trading during the hours after the sun sets in New York and before it rises in London.

Each city has its strengths. Tokyo has the region’s largest stock and bond markets, although they have attracted less attention lately because they lack the appeal of the Chinese economic boom. Singapore is the main center for trading oil and other energy products, and is an important hub for currency trading.

But the most intense rivalry is between Hong Kong and Shanghai. Each strives to impress businesses and regulators that it is the best place for Chinese businesses to raise money and investors to give it to them.

It is one of the oldest rivalries in Asia, dating back more than a century. The Hongkong and Shanghai Banking Corporation, these days HSBC, was started in Hong Kong on March 3, 1865, and opened for business in Shanghai a month later.

While Shanghai overshadowed Hong Kong in many ways before World War II, Hong Kong regained leadership after the Communist takeover in 1949, and benefited from the emigration of thousands of Shanghai business people. And in the 1990’s, the rise of a Shanghai faction of politicians in China, including President Jiang Zemin, resulted in many policies that favored their city."

Interesting stuff . . .

>

Source:
Hong Kong and Shanghai Duel for Financial Capital
KEITH BRADSHER and DAVID BARBOZA
NYTimes, January 16, 2007
http://www.nytimes.com/2007/01/16/business/worldbusiness/16hong.html

Tuesday, January 16, 2007 | 10:39 AM | Permalink | Comments (3) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8342db18653ef

Listed below are links to weblogs that reference Global IPOs 2006, by dollar volume:

» Competing for IPOs from The Intangible Economy
Yesterday, the Treasury Department reiterated its earlier statements that the Secretary would hold a Conference on the competitiveness of US Capital markets. According to Robert Steel, Treasury's undersecretary for domestic finance: the conference woul... [Read More]

Tracked on Jan 18, 2007 10:26:48 AM

Comments

Of course, what everyone but the US exchanges have is freedom from Messrs. Sarbanes and Oxley, which is one of the big reasons for the surge in HK listings....

Posted by: Macro Man | Jan 16, 2007 11:11:23 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner