Nasdaq Lures More UK Firms To List In U.S.

A leader at a prominent US stock exchange predicts that the trend of UK companies seeking funds in New York will persist, as reported by Josh Martin and Will Bain for BBC News.

Other UK tech firms are likely to follow in the footsteps of Arm Holdings. I Photo: Arm X

Karen Snow, Global Head of Listings at Nasdaq, who played a role in attracting Cambridge-based chip designer Arm Holdings to list on Nasdaq, stated that other UK tech firms are likely to follow suit.

Despite extensive efforts to have Arm list its shares in London, it raised $4.87 billion (£3.8 billion) on Nasdaq in September.

In 2023, Nasdaq raised $13 billion, overshadowing the London Stock Exchange's $972 million. This year is anticipated to be the first time since records began in 1995 that the LSE fails to hit the $1 billion mark for money raised by companies.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem