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.