Nasdaq executive: We are in talks with many UK firms seeking listings - reports

investmentweek.co.uk:

Bosses at the London Stock Exchange are involved in a charm offensive to cement London’s place as an attractive location to list, and the government is currently pushing ahead with reforms to make it easier to list here.

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 actually having a primary listing in the US».

Her comments come at a time when UK companies are increasingly eyeing listings in the US, and for their part US exchanges are encouraging the moves.

FTSE 100 education group Pearson's largest shareholder Cevian Capital last week said the company should switch its listing to New York. FTSE 250 travel group Tui has, in the last few weeks, revealed it was considering plans to leave the London Stock Exchange.

The UK market is considered to have taken a heavy blow in September when chip designer Arm floated in New York. Gambling group Flutter Entertainment intends to make a secondary listing in January on the New York Stock Exchange.

FCA: Changes to listing rules will make UK 'market of choice'

According to data from EY, in the first nine months of this year 23 companies listed in the UK, raising £953m. This is down from 34 listings raising £1.2bn during the same time in 2022.

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