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Europe, Asia Set for $130 Billion Listing Exodus
Mint New Delhi
|February 20, 2025
Allure of Loftier Valuations May Drive Firms to List in the US Market
European and Asian firms may soon flood the US market with new listings, as the allure of loftier valuations and deeper liquidity fuels an exodus from their home markets.
From Swedish buy-now, pay-later giant Klarna Group Plc to equipment rental firm Ashtead Group Plc to Chinese bubble-tea maker Sexy Tea, businesses based outside the US with a combined estimated value of roughly $130 billion are working toward New York listings, according to calculations based on sources including Bloomberg News reports, PitchBook data and company disclosures.
The figure would add to last year's record number of cross-border listings in the US. Higher valuations are a key part of the allure. European and Asian stocks trade at a roughly 35% discount to US peers, according to data compiled by Bloomberg.
This story is from the February 20, 2025 edition of Mint New Delhi.
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