With e-commerce giant Alibaba choosing to list shares in New York, it's tempting to conclude that the U.S. is the world's premiere IPO market. But recently, Europe is giving the Americans a run for their money.
U.S. initial public offerings got off to a roaring start in 2014, with debuts from several high-flying tech companies like online restaurant takeout operator GrubHub and King Digital, creator of hit mobile video game "Candy Crush." Some $19.7 billion in IPO shares have been sold so far in 2014, marking an 81 percent rise from the same period a year earlier, according to Dealogic.
Yet that's smaller than the $22.5 billion in IPO shares sold across Europe, where volume has quadrupled from the same part of 2013. If Europe keeps its lead, it will be the first time since 2007 that it sees more issuance than the U.S.