- Companies are drawn to the US market by the promise of greater liquidity
- But will moving to a more liquid market deliver a boost to valuations?
Last year was the London stock market’s quietest in over a decade. According to EY data, just 23 issuers listed, down from 45 in 2022. Further exits could follow in 2024, and the pull of a US listing continues to worry the City.
Last year, the world's biggest building materials supplier, CRH (CRH), moved its primary listing to the US, pointing to the opportunity for “increased commercial, operational and acquisition opportunities”. Polling company YouGov (YOU) is also considering a move, citing America's appetite for marketing data. Although these drivers are company-specific, there are more generic motivations, too.