> I'm pleased to see another British company actually stick to the London Stock Exchange. Many are starting to list themselves on the US stock market, Arm being at the top of my mind in terms of tech.
London has never attracted tech companies. Even when I was in the field over 20 years ago the combined market cap of tech was tiny. Only smallish British companies IPOed on London.
ARM was small when it originally listed. Now it is large and was not British owned - why would they list in London.
> It just seems everything in the business world is becoming more centralised around the US.
Financial markets centralise for liquidity. IIRC some dual listed European companies are moving to London.
Chinese companies are now considering LSE as an alternative to NYSE/NASDAQ for their dual-listing IPOs due to laxer oversight and auditing requirements, especially now that FCPA enforcement is in full swing and third party audits by Western organizations are required, which Chinese regulators are preventing.
That said, it's hard to beat the primacy of the American, Chinese, Singaporean, and increasingly Indian market (at least 2 late stage startups ik in the Bay Area are looking at listing on the NSE because they want to IPO but $100-200M in ARR and consistent growth is not enough to successfully list in the US anymore).
London has never attracted tech companies. Even when I was in the field over 20 years ago the combined market cap of tech was tiny. Only smallish British companies IPOed on London.
ARM was small when it originally listed. Now it is large and was not British owned - why would they list in London.
> It just seems everything in the business world is becoming more centralised around the US.
Financial markets centralise for liquidity. IIRC some dual listed European companies are moving to London.