A number of British companies are considering listing in New York, a senior Nasdaq executive has said, adding to pressure on the London market to make itself an attractive place to list.
Speaking to Radio 4's Today programme, as cited in The Times, Nasdaq's global head of listings Karen Snow said higher valuations and deeper liquidity are on offer in the US. Snow said "we are having a lot of conversations with companies about listing in the US", which she said is "known for having the deepest pool of liquidity and the most transparent marketplace and really the best place to raise capital". Deep Dive: Can the UK be an IPO hub? She also referred to "valuation disparities" as "a very important component and consideration when companies are looking at dual listing or ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
