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. I think I remember them losing 30 £100M+ companies to the US exchange last year including some big really big names. I know this phenomenon isn't isolated to the UK either. With all the issues in Hong Kong over the last few years, companies have fled there too.
Don't get me wrong, I understand the rationale. High interest rates, dwindling pension funds, executives wanting wages closer to US execs, fewer high-performing tech companies, Brexit isolation and a lack of committed domestic investors have all contributed to the LSE’s downward spiral.
It just seems everything in the business world is becoming more centralised around the US. I don't think that's good for anyone, including US folks. Monopolies do as monopolies do; extract all the wealth they can from the system. The only people who benefit in a scenario where 95%+ of stock trades go through the NYSE is the NYSE.
Don't get me wrong, I understand the rationale. High interest rates, dwindling pension funds, executives wanting wages closer to US execs, fewer high-performing tech companies, Brexit isolation and a lack of committed domestic investors have all contributed to the LSE’s downward spiral.
It just seems everything in the business world is becoming more centralised around the US. I don't think that's good for anyone, including US folks. Monopolies do as monopolies do; extract all the wealth they can from the system. The only people who benefit in a scenario where 95%+ of stock trades go through the NYSE is the NYSE.