Finance & economics | Financial competition

New York’s stockmarkets are thrashing Hong Kong and London

As it attracts more overseas listings, the Big Apple is getting bigger

Famous Skyline of downtown New York, Brooklin Bridge and  Manhattan at the early morning sun light , New York City, USA
You wouldn’t want to be anywhere elseImage: Getty Images

In 2006 Charles Schumer and Michael Bloomberg took to the pages of the Wall Street Journal to express their concerns about New York. The senator and mayor both feared that the Big Apple was losing its financial edge. The city had, after all, captured only one of the previous year’s 24 largest initial public offerings (ipos).

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This article appeared in the Finance & economics section of the print edition under the headline “The bigger apple”

From the March 11th 2023 edition

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