Bye bye LSE.7 Sep 2023 14:43
A tie-up between the firms would make Smurfit Kappa the latest firm to ditch its London listing this year, after a slew of companies have either scoped out dual listings or snubbed an IPO in the City this year.
Building supplier CRH is set to swap its London listing for New York this month after shareholders waived through the move earlier this year, while gambling giant Flutter is set for a dual listing.
Similar warnings of have also come from fintech trading firm Plus500 and polling platform YouGov.
The London Stock Exchange has suffered a sharp drop off in fresh IPOs against a torrid backdrop for the IPO market.