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I spent last week in Singapore, conducting a strategy workshop for a customer there. Singapore gives you a disorienting see of what many nonetheless contact the "developing planet." Ultra-modern buildings thrust like shiny sculptures substantial in to the sky. Clean streets, purchase, and precision would be the norm. And everybody seems to become smiling.

In the top of many company people's minds and headlines is the Hong Kong Stock Exchange (HKEK), just 1,500 miles away, which for the previous two years has created more IPOs in terms of companies and total dollars elevated than New york, London, or every other exchange within the world. (See my podcast here)

Whether HKEK will retain its crown in 2011 is in question. It's seen only $8.8 billion in public offerings this yr, compared to $23.eight billion for Ny and $12.two billion for London. But consider the make-up of Authentic Coach handbagsthat are selecting to list in Hong Kong: MGM China, the China operation with the giant casino business, is raising $1.5 billion this week in Hong Kong; Italy-based Prada made the decision Hong Kong was a better marketplace for its IPO previously this year compared to Borsa Italiana or the London Stock Exchange; Samsonite, the American luggage maker founded in 1910, has selected Hong Kong for its IPO. When asked why he selected Hong Kong, Samsonite's CEO, Tim Parker, told The brand new York Occasions, "We want to orient the organization to exactly where the world's center of gravity is going to be in the long term." There are a minimum of two essential lessons I believe we can draw through the tale of Hong Kong's current IPO dominance:

one) The center of gravity is shifting. A McKinsey research predicts that more than the next 50 many years the creating planet will lead much more to global GDP growth compared to created world, some thing that hasn't occurred for 200 many years. And the middle with the developing planet, for now a minimum of, is in East Asia.

two) You need to align your investors together with your strategy. Numerous businesses select Hong Kong not due to valuations (actually Asian exchanges have already been underperforming New york or European exchanges this ear) but rather simply because their long-term development aspirations lie in doing more Authentic D&G handbags in Asia. By growing the proportion of investors who reside in Asia, they more closely align their investor base with their technique.

There's a lot more say about what I am seeing right here in Singapore--the vibrancy, the diversity, the cultural and business practices differences. But within the curiosity of providing you one very important nugget to chew on, think about why so many intelligent companies are selecting to issue IPOs in Asia, shunning vibrant markets nearer to home. What are the implications for the business even if an IPO isn't inside your near-term ideas? You will find a minimum of two:

1) The center of gravity is shifting. Are you currently taking Asia critically sufficient?

2) Traders are not just capital resources; they form what your business does and just how it sees the planet. Does your investor makeup fit your long-term aspirations? If not, which investors do you need to replace?

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