London isn’t alone in Facing Listing Challenges, Lseg Ceo Says – It’s a Global Problem

LSEG Signage is Seen on Screens in the Lobby of the London Stock Exchange in London, Britain, May 14, 2024.

Hannah McKay | Reuters

London’s Listing Problem isn Bollywood to the capital, with weight in the US and asia too, according to the head of the longon stock exchange group.

According to eye, there was just 18 initial public offers on the London Stock Exchange Last Year – Eight of which came in a fourth Quarter Flurry.

But lseg ceo david schwimmer said it’s not a unique problem.

“We have seen on a global basis, a pretty subdued environment for IPOS, and that’s been in new york, that’s ben in hong kong,” He Told CNBC. “That’s Got a lot of Attention.”

It’s LED to Concerns London is losing – or has lost – its mojo. Mining giant Glencore Is Mulling a Move Away, Following High Profile Departures from the Likes of Flutter entertainment, Tui and Just et takeaway,In Fact, The LSE LOST 88 Companies Last Year, Whether by delisting or transferring primary listings elsewhere – The Highest Since 2009.

Schwimmer had a warning for that looking elsewhere.

“When you talk about companies that have gone to new york, it’s not such a pretty picture,” He Told CNBC’s “Squawk Box Europe.”

“If you look over the last 10 years, 20 UK companies have gone to list in new york and raised over $ 100 million. Of that 20, four are trading up, someming like nine have delisted, and the rest is trading Down Over 80%. I think you have to be careful with the narrative of the grass is always greener. “

Euronext Ceo Stéphane Boujnah Expressed His Own Concerns for the UK Capital, Telling CNBC’s “Squawk Box Europe” That “That” London Has Lost Its Lost Its Liaquidity for Liquidity for Shares. “

Strong pipeline

Despite London Listing Volmes Falling to a Multi-Decade Low Last Year-With Proceeds Down by almost a fifth compared to 2023-The lseg chief is optimistic for this year, saying the pipeline is looking significantly better.And the lseg chief is optimistic for this year, saying the pipeline is looking significant better.

“If you look at the capital raising that has taken place on the London Stock Exchange, Not Necessarily iPOS but Follow-ors, that market is doing very, very well and there’s more capital raised on the London Stocks Than the next three european exchanges combined, “Schwimmer said.

Market Excitement Over Trump Now Mixed With Uncertain, London Stock Exchange Group Ceo Says

Goldman Sachs Also shares a bully on the uk’s iPo landscape. Richard CORMACK, Head of Equity Capital Markets for Emea at Goldman Sachs, said in February that he expected IPO activity would pick up in 2025 as political uncertical uncertiative Election subsides.

While some uk and european companies may still be attracted to the US, CORMACK Argued it is unlike that we’ll see a flood of uk or european non-tech, Non-Beoopharma Companies List Ooutes on of their home market.

Hong Kong Comeback?

The idea that us is a go-to destination for cross-border listings have also been challenged by a new competitor on the Scene: Hong Kong.

The city, which is preparation for a $ 20 billion listings revival this year According to the financial timesIs poised to capitalize on Increasing Trade Tensions Between the US and China.

Shares in China’s Larget Bubble Tea Chain, Mixue, Surged more than 40% on their hong kong debut Earlier this month. The Hong Kong Listing was 5,200 times oversubscribed, while the International Offering was more than 35 times oversubscribed.

Bonnie Chan, CEO of Hong Kong Exchanges and Clearing, Told CNBC’s “Squawk Box Asia, She’s seen a surge in demand from global investors.

“We are seeing much strongeer interest from the united states, as well as europe and the rest of the world,” She said. “There is certainly appetite for investors to pick up these mega ipos.”

(Tagstotranslate) IPO (T) Markets (T) Breaking News: Markets (T) Glencore Plc (T) Flutter Entertainment Plc (T) Tui AG (T) Just Eat Take Takes Nv (T) Business News

Source link

Leave a Comment