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It was disappointing for the UK not to get a dual listing, despite Rishi Sunak's best attempts. I guess Europe is just not attractive enough for capital from th
by jamesblonde 3y ago
It was disappointing for the UK not to get a dual listing, despite Rishi Sunak's best attempts. I guess Europe is just not attractive enough for capital from the rest of the world for IT investments.
https://www.theguardian.com/business/2023/mar/03/uk-chip-designer-arm-chooses-us-only-listing-in-blow-to-rishi-sunak https://www.theguardian.com/business/2023/mar/03/uk-chip-des...
- binarymax 3y agoIs LSE Europe though? Perhaps pre-Brexit it would have been a more obvious choice.
- steve1977 3y agoIt is Europe, but not EU
- dom96 3y agoWhat would be the point in a dual-listing? How does one actually work?
- jamesblonde 3y agoIt would mean you can buy and sell ARM shares on more one stock exchange. One basic rule for making money as a country is to ensure capital flows through your country (e.g., services, manufactured goods, FDI, etc). Then skim off some of the captial that flows. If ARM were listed in the UK and say, $30b of shares is traded anually, of which say $10b is in the UK, then some of that will go to UK ltd.
- pc86 3y agoWhat incentive would ARM have to do that, though? Just so the UK can "skim off some of the capital" (which is a very generous way of describing what's actually occurring).
- pm90 3y agoAccess to more investors. Probably they could tap into some kind of nationalist sentiment since they are HQd in the UK.
- MichaelZuo 3y agoAre there more than 0 serious investors in the UK that can't access the US capital markets?
- globular-toast 3y agoThey're a UK company based in the UK. It's preferable that any skimmings stay within your own country isn't it? But obviously the top people would decide on whatever would personally benefit them the most.
- deleted 3y ago[deleted]