RE: 'Two Way' Strategy1 Oct 2024 00:53
"A listing on Nasdaq will also raise our profile and ability to raise further funds."
Really? Here are the facts.
"According to BNP Paribas SA, only three out of the 22 UK companies that have listed in the US market over the past decade are still trading higher. Similarly, data compiled by Bloomberg arrive at similar figures. Tom Snowball, Head of equity capital markets for the UK at BNP Paribas, warns that "life as a foreign private issuer in the US is not a straightforward one." Despite the potential benefits of listing in the US, companies must navigate complex regulatory requirements, higher fees, and increased scrutiny from investors."
Doesn't seem much like the Holy Grail to me.