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New York Stock Exchange Lures Foreign Capital

The New York Stock Exchange is turning to foreign markets for capital and growth. The exchange has been at the heart of the American financial system for over 200 years. It once had a monopoly on the trading of shares in firms listed on it, but regulators did away with that in 2000. But with the stiff competition, it has turned to foreign markets for expansion in the form of Initial Public Offerings of stock, called IPO’s. The IPO process allows companies to raise money...

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