More US Companies Issuing IPOs on Foreign Exchanges
More American companies are going public on exchanges outside of the U.S. The number of IPOs in the U.S. is reaching historically low levels, as more companies choose to sell their shares on exchanges in Hong Kong, Seoul and other foreign markets. This could affect the US’s stature as the world’s financial capital and possibly cost the country jobs. New York Times Wall Street and Finance reporter, Louise Story, joins us to discuss the growing number of companies going public.
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