Ipo, when capital comes from afar

13 June 2011, 5:27 | di Mr. Livingstone | 0

Compared to a few years ago, the number of US companies that decide to land on a foreign stock exchange has increased. Because risk appetite is not the same everywhere.

Is the United States no longer the temple of venture capitalism? From 1991 to 1999, only two American companies sought capital outside the US stock markets. From 2000 to 2009, 75 companies ventured to offer IPOs in the rest of the world: an average of 7,5 per year. And only in 2010 another 10 were added. This growing trend is a sign of a beneficial internationalization, rather than an American tiredness. The most recent initiative is that of a San Diego company, Reva Medical, which manufactures cardiac 'stents'. Having only good ideas but still no profits, he sought support in California. Having found no interest, she landed on the Australian stock market, where she raised $85 million by offering 25% of the shares. Note for Italian companies looking for capital: IPOs can be done anywhere in the world.
http://www.smh.com.au/business/going-public-overseas-is-a-capital-idea-20110610-1fwmt.html
http://www.nytimes.com/2011/06/08/business/global/08exchange.html?nl=todaysheadlines&emc=tha25