US companies are queueing up to list in the UK, with BDO Stoy Hayward looking
to handle up to ten listings from the US next year.
The continuing regulatory burden on US companies will see an increasing
number of listings in the UK, according to Jeremy Newman, managing partner of
The US moves are particularly telling evidence of the difficulties of listing
in the US. Companies from around the world have been choosing UK markets because
of the high compliance burdens of the Sarbanes-Oxley rules.
‘We’re seeing strong demand for AIM listings and more from the US – the type
that would have normally gone for a US listing,’ said Newman. ‘The amount of
capital you need to raise to make it worthwhile[to list in the US] is too high.’
The firm is working on two IPOs for US companies on AIM. Newman expects that
number to reach double figures for the coming twelve months.
The London Stock Exchange is to outline plans to increase its US coverage
even further by hosting a roadshow showcasing US companies that are considering
joining AIM next week. Currently, 51 US companies are listed on AIM, with 24 of
those listing in the past year.
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