European businesses are rushing to list in the U.S. at the fastest pace in two decades, lured by the promise of higher valuations even as continental exchanges step up efforts to keep companies at home, Bloomberg reports.
The flood of trans-Atlantic listings is prompting governments and stock exchanges across Europe to fight back by making IPOs at home more attractive, especially for early-stage companies. London is looking into a raft of tech company-friendly rules changes, while in Germany some political parties have proposed an exchange for domestic startups.
Companies are attracted to the U.S. by dizzying first-day pops and Wall Street investors’ willingness to spend big on new stocks, particularly in hot or novel sectors. Read more.
