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Why Asia still struggles to create its own mega-IPOs like SpaceX
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- Asia has no shortage of entrepreneurs, engineers or giant domestic markets.
- The challenge is not a lack of technological capability.
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Asia has no shortage of entrepreneurs, engineers or giant domestic markets. Yet when it comes to producing the kind of blockbuster listings seen in the U.S., the region continues to lag.
The challenge is not a lack of technological capability. Across China, India, South Korea and Japan, companies dominate industries ranging from semiconductors and electric vehicles to robotics and advanced manufacturing. The bigger question is whether Asia's capital markets are structured to nurture firms into mega-cap public companies.
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