"The delisting of CRH isn't a complete surprise, given that it had already switched its main listing to New York and three quarters of its profits are reliant on its operations in North America. However, with yet another big name heading Stateside, it will still be a significant blow to the London Stock Exchange."
"Each high-profile departure shrinks the UK's listed market and reinforces the perception that companies are finding deeper pools of capital and higher valuations across the Atlantic. We've also had a much more sluggish pipeline of new companies listing on the market."
"More than a third of high-net-worth clients at Wealth Club plan to invest in private equity this year. The appeal of private markets is becoming increasingly evident; opportunities to invest in publicly listed companies are diminishing."
CRH, a building materials group, has announced its complete delisting from the London Stock Exchange following its primary listing switch to New York two years ago. This move reflects a broader trend affecting the LSE, as companies increasingly relocate to American markets or transition to private ownership. High-net-worth investors are increasingly turning to private equity, with over one-third of Wealth Club clients planning private market investments. The delisting represents another significant blow to the London Stock Exchange, particularly as three-quarters of CRH's profits derive from North American operations. This departure follows other major companies seeking higher valuations and deeper capital pools in New York, while acquisitions of UK firms by global entities further diminish the UK's listed market. Additionally, a sluggish IPO pipeline and market volatility create further headwinds for UK-listed asset availability.
#london-stock-exchange-decline #corporate-delisting-trends #private-equity-growth #capital-markets-migration #uk-investment-landscape
Read at London Business News | Londonlovesbusiness.com
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