BUSINESS
London Stock Exchange lags behind rivals
August 22, 2023 - The decision by British chip-maker Arm to list on the U.S. NASDAQ rather than in the UK is another blow to the once mighty London Stock Exchange.
Since peaking in 2007, the value of firms on the London Stock Exchange has fallen over 30% to just under $3 trillion while the market capitalization of U.S. stock exchanges has more than doubled to over $43 trillion. IPOs of companies listing on the LSE have fallen to their lowest level since the global financial crisis of 2009.
- London Stock Market Revival Falls Flat as Arm Flees for IPO to New York (Bloomberg)
- Why the UK’s Stock Market Lost Three-Quarters of Its Activity (Bloomberg)
- Total Market Value of the U.S. Stock Market (Siblis Research)
- Has Paris overtaken London as Europe’s largest stock exchange? (The Global City)