financetom
Business
financetom
/
Business
/
France's Tikehau considers moving listing to the US
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
France's Tikehau considers moving listing to the US
Nov 21, 2024 2:42 AM

Nov 21 (Reuters) - French asset manager Tikehau Capital

is considering moving its listing to New York from

Paris as it seeks to attract more capital in the United States,

a spokesperson said on Thursday, confirming a Financial Times

report.

Management is "spending time" weighing up whether to go for

a primary listing in the U.S. or to add a secondary one in New

York, Mathieu Chabran, a Tikehau co-founder along with Antoine

Flamarion, told the FT.

He added that a U.S. listing would make it possible to

exploit the liquidity of the American markets and attract more

retail investors.

Tikehau Capital is a fast-growing investment manager, with a

focus on private credit. It has been listed on Euronext Paris

since 2017.

The group had 47.1 billion euros worth of assets under

management at the end of September.

European stock exchanges including Euronext and the

London Stock Exchange ( LDNXF ) have struggled to attract new

listings in recent years as more companies remain private and a

booming U.S. market lures the biggest names.

With a combined $26.8 billion in initial public offerings by

the end of September, according to KPMG data, Wall Street's main

Nasdaq and NYSE exchanges are currently the world's largest IPO

markets.

A larger investor base and less red tape means they are

attracting European businesses looking to launch secondary

listings or delist in their home markets.

Mobile telecom operator Veon on Thursday confirmed

its shares would cease trading on Euronext Amsterdam on Friday,

making New York's Nasdaq its sole listing location.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved