Europe, Asia Face $130 Billion Listing Exodus as US Allure Grows
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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.