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Lord Livermore (Lab)

Speaking in the House of Lords on 10 July 2025

Debate

Primary Stock Exchange Listings

Contribution

I commend the noble Lord for knowing more about government policy than I do. He talks about those companies listing abroad. It is interesting, just to look at some evidence, that IPOs on US exchanges show that non-US companies tend to perform much less well than US ones, suggesting that from a valuation perspective it is better for firms to list on their home market. In the last 10 years, of the 20 British companies that listed in the US, nine have already delisted, only four are trading above their IPO price and the rest are trading down on average by 80%.

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