And Bill Gates--who knows the value of a monopoly better than just about anyone--spent nearly half a billion dollars to make sure that it was running Microsoft software.

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Under these circumstances it is no surprise then that domestic workers who compete against these visa holders sometimes complain that their wages are below market value, since the firm is effectively granted a monopoly over visa workers, and as a result able to grab a portion of the higher productivity an immigrant attains by moving here.

FORBES: How To Improve Immigrant Visas

Fund managers figure AsiaOne is selling for 65% or so above fair market value because it is backed by the huge, cash-rich, newspaper monopoly, the SPH Group.

CNN: Playing the IPO Game