Sorry Wall Street – Asia is the New King of the Global IPO Market

The United States - and Wall Street - is surrendering its mantle as the global center for intial public stock offerings (IPOs). In fact, unprecedented demand for IPOs in Asia has reduced the U.S. share of the global IPO market to an all-time low. With another $10 billion in IPO deals expected to be completed by the end of this year, the total amount raised worldwide for all of 2010 will approach $145 billion. With $76 billion raised - including $22.1 billion from Agricultural Bank of China Ltd., alone - China topped the field by raising the most money of any single country. No U.S. company raised more than $700 million. This says a lot about the respective outlooks for the two countries' economies. And it also tells us a great deal about how we should be investing our money. Let me explain. To understand how to profit from this dramatic trend, please read on...