The Bottom Line London's Stock Exchange: why aren't companies listing in Britain anymore?
Feb 20, 2025
Julia Hoggett, Chief Executive of the London Stock Exchange, and Charles Hall, Head of Research at Peel Hunt, delve into why companies are increasingly opting for U.S. listings. They discuss the decline in UK IPOs, global market dynamics, and tax revenue impacts on the UK economy. The duo also explores the role of executive pay in attracting companies and the need for a robust domestic investment culture. With an eye on regulatory reforms, they share insights into how the UK could become a more appealing growth hub for businesses.
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Declining London Listings
- Several large companies have chosen to list shares in New York instead of London.
- This raises concerns about the London Stock Exchange's attractiveness.
Modernized Exchange
- The London Stock Exchange has evolved into a matching engine that connects buyers and sellers.
- This engine facilitates high-speed share transactions within data centers.
Two Markets
- London Stock Exchange has two key markets: the main market and AIM.
- The AIM market focuses on growth and has been highly successful in Europe.