Better to stay in London? Us listings are risky for UK companies, says LSE chief
wenzhe
发表于 2023-9-26 10:44:34
190
0
0
Speaking at the Cities and Finance conference in London on Monday, Mr Hoguet said that of the 23 UK companies that raised more than $100m in the US over the past decade, six had delisted, 13 were trading below their issue price and of the four that were trading above their issue price, one of them was recently listed chip designer Arm.
"This is not just happening with UK companies listing in the US," says Mr Hoguet. It is well known that international companies often underperform their domestic peers in the US, but this is not the case when they list in the UK."
Earlier this month, Arm debuted on Nasdaq at $51 a share in the largest U.S. initial public offering (IPO) this year. Arm jumped nearly 25% on its first day of trading, but shares have fallen since then and were up more than 6% from their offering price as of Monday's close.
As a subsidiary of SoftBank Group, Arm is an important player in the global semiconductor industry, known as the "crown jewel", the Arm architecture designed by it is known for energy saving, and occupies more than 90% of the global market share in the field of smart phone chips.
The British government had been pushing for Arm to list on the London Stock Exchange, but Arm's decision to list on Nasdaq further highlights the UK's declining appeal to capital markets.
Since Brexit in 2016, London's position as a world financial center has been weakened.
After leaving the EU, the UK's trade growth is the lowest in the G7. A poll published in July showed a record number of Britons thought Brexit was the wrong decision, with more than half wanting to rejoin the EU.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
证券时报网讯,热门中概股美股盘前普涨,小鹏汽车、哔哩哔哩涨近5%,蔚来涨超4%,阿里巴巴、拼多多涨超2%。
- p609520
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
何思文表示,“在进博会这个平台上,我们开启的是倾听模式,通过进博会展出各类产品,收集消费者的需求和反馈,进而帮助决定未来进口到中国的产品。过去,汽车行业的许多创新源于美国加州或欧洲。我相信,中国正 ...
- MaxLucky
- 3 小时前
- 支持
- 反对
- 回复
- 收藏