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London Dealmakers Say Move to Wall Street From The City Is Just Starting

  • Executives tempted by higher valuations and better pay
  • Flutter aiming to relocate as CRH snubs the City for New York
Some members of the FTSE 100 are thinking about transferring their listings to New York.

Some members of the FTSE 100 are thinking about transferring their listings to New York.

Photographer: Spencer Platt/Getty Images
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London’s public companies are looking to New York as a preferable market for listing their shares, with City dealmakers handling frequent inquiries from clients asking how they could shift across the Atlantic.

Just this week, it was revealed that two major companies had picked the US for their main listings ahead of London — CRH Plc, one of Europe’s biggest building materials companies, and Softbank-owned Arm Ltd., a jewel of Britain’s technology industry. It was the latest blow to the UK’s Conservative government which says it’s determined for London to prosper post-Brexit.