I.P.O.'s Fleeing to Foreign Shores

By artappraiser on Wed, 06/08/2011 - 6:37pm |

By Graham Bowey, New York Times Business, June 7/8, 2011,

....As young, fast-growing companies are forced to look overseas for public status and investors, executives and analysts fear that they may increasingly shift their geographic focus — and as a result any jobs they create will be abroad.

“Issuers have to put themselves through a grinder to go overseas, so any significant percentage of overseas listings is a sign that our markets have become hostile to innovation and job formation,” said David Weild, a former vice chairman of the Nasdaq stock exchange and a senior adviser to Grant Thornton.....

URL:

http://www.nytimes.com/2011/06/08/business/global/08exchange.html