The U.S. Still has the largest and most liquid capital market on the planet, as well as the most vibrant entrepreneurial culture. But the rest of the world, Europe in particular, is making an honest effort to catch up. In Germany last year there were 168 initial offerings, up from just 15 in 1994. Since its March 1997 launch the Teutonic answer to Nasdaq— the Neuer Markt—has amassed a total market cap of $160 billion, with 318 listed companies.
展开▼
