I’ve seen quite a few articles, tweets, videos etc. about British start ups choosing to list elsewhere and I think SHEIN has chosen to list in HK instead of the UK, but I imagine the drivers behind that are slightly different.
I have an ETF that tracks the FTSE 100 but it’s not a very dynamic fund and returns have been a bit anaemic, trump shenanigans notwithstanding. Why is it generally so unattractive when London is a global financial centre and supposedly the tech hub of Europe?
Over on twitter, I did see someone mention that the UK’s love of landlordism over riskier yet more productive assets plays into it but I’d love someone to elaborate a bit more.
cmfarsight on
There is stamp duty to pay on any trade on a UK stock market, there is not a charge in the US. Why list here when you can list there, it’s not like it changes who has access to your stock.
the_motherflippin on
a financial company that employs 70 ppl seeks american loopholes… probably a more accurate headline
There is probably a wider story here where: 1) we created a situation where buying property was essentially risk-free and wildly profitable for decades; and 2) the average person in the UK has a [third less disposable income](https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income) than their US counterparts (and if we take the median figures we are even further behind).
SP1570 on
Global company pursues a strategy of multiple listing venues…next on the news: water is wet.
77WBellyCargo on
There’s no real startup culture in the UK. Whenever one tries to launch anything, the first thing you get advised on is compliance and regulatory approval (almighty FCA!); or when you get a job, they don’t query your experience but only if you’re CxA qualified.
People worship regulators like god as if they’re the protector of our wealth, without realising how much worse off we are from a real wage basis, and how much this system favours the established players and kills the small guy (and then complain about fairness and not taxing them enough).
obinice_khenbli on
I hate clickbait titles. Could have said what the firm was in the title but no, you (the Independent) want to trick me into clicking it, and I’m not going to.
The Independent recently has been particularly annoying because when they pop up in my news feeds it’s often an Independent article, about….the USA. But not like a UK article talking about the USA, no, this is an article written for a US audience. Nothing to do with the UK at all.
Yesterday it was a warning to be on the lookout for dangerous recalled tomatoes. In SOUTH CAROLINA, it turns out, when you actually read the article.
Sure, I’ll keep my eyes peeled, Independent.
(Am I mistaken and the Independent is an American news outlet that just sometimes writes articles about the UK? I dunno, maybe?)
But yeah, sod clickbait. I avoid it like the plague. If we click, they’ve won.
Zealousideal-Key2398 on
This has been happening since 2011. The U.S. offers access to a larger pool of institutional and retail investors, providing companies with greater liquidity and funding opportunities. Some firms perceive U.S. listing requirements as more favorable, with less stringent environmental and stock market regulations compared to the UK and Europe. Overall the UK is in a hard place tax billion dollar companies and they will leave, put net zero requirements, and they will leave as well! The UK needs major reform otherwise the FTSE will be called the S&P/FTSE 50 by 2030.
twoddle_puddle on
People in the U.K don’t like taking risks in general so investing in the stock market is not popular at all.
lokkker96 on
Of course big companies will move where it’s more profitable. The real issue is, what consequences does have the economic model of that nation on society at large…. More profit can also come at the expense of society. It’s pathetic that profit is never looked at from the point of view of morality and benefit to society.
victionicious on
Has anyone else noticed that this sub is full of clickbait headlines now? It feels like I’m seeing this multiple times a day, and this definitely didn’t used to be a thing. It’s really weird. Did something change?
ZenithOfLife on
Would it not be improved by forcing our pensions to have say 10% in the uk stock market? Or does that create a bubble of some sort
Accomplished_Pen5061 on
> Moving the primary listing Stateside — while it will not immediately be join an index such as the S&P 500 — Wise aims to eventually join them, which brings additional liquidity benefits as index tracker funds add the company to their automatic baskets of shares.
> “While Wise is not initially expected to be eligible for these indices, a US primary listing provides the opportunity to work towards this inclusion,” the company added.
“Just invest in the S&P500” strikes again.
At this point companies are all desperate to join because if they can get in then they get access to a tonne of money (even if the company performance is awful)
eig10122 on
There isn’t a single major tech company home grown in the UK because the government won’t let its citizens have that.
andyb12 on
People here are talking about investing great…. your avg brit can’t invest enough and afford house to live etc. And it’s not taught enough
15 commenti
I’ve seen quite a few articles, tweets, videos etc. about British start ups choosing to list elsewhere and I think SHEIN has chosen to list in HK instead of the UK, but I imagine the drivers behind that are slightly different.
I have an ETF that tracks the FTSE 100 but it’s not a very dynamic fund and returns have been a bit anaemic, trump shenanigans notwithstanding. Why is it generally so unattractive when London is a global financial centre and supposedly the tech hub of Europe?
Over on twitter, I did see someone mention that the UK’s love of landlordism over riskier yet more productive assets plays into it but I’d love someone to elaborate a bit more.
There is stamp duty to pay on any trade on a UK stock market, there is not a charge in the US. Why list here when you can list there, it’s not like it changes who has access to your stock.
a financial company that employs 70 ppl seeks american loopholes… probably a more accurate headline
We just don’t take investing seriously in the UK. In the UK [less than a quarter](https://www.hl.co.uk/news/do-people-in-the-us-invest-more-or-less-than-the-uk) of us have invested in the stock market – compared to two-thirds of the public in the US.
There is probably a wider story here where: 1) we created a situation where buying property was essentially risk-free and wildly profitable for decades; and 2) the average person in the UK has a [third less disposable income](https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income) than their US counterparts (and if we take the median figures we are even further behind).
Global company pursues a strategy of multiple listing venues…next on the news: water is wet.
There’s no real startup culture in the UK. Whenever one tries to launch anything, the first thing you get advised on is compliance and regulatory approval (almighty FCA!); or when you get a job, they don’t query your experience but only if you’re CxA qualified.
People worship regulators like god as if they’re the protector of our wealth, without realising how much worse off we are from a real wage basis, and how much this system favours the established players and kills the small guy (and then complain about fairness and not taxing them enough).
I hate clickbait titles. Could have said what the firm was in the title but no, you (the Independent) want to trick me into clicking it, and I’m not going to.
The Independent recently has been particularly annoying because when they pop up in my news feeds it’s often an Independent article, about….the USA. But not like a UK article talking about the USA, no, this is an article written for a US audience. Nothing to do with the UK at all.
Yesterday it was a warning to be on the lookout for dangerous recalled tomatoes. In SOUTH CAROLINA, it turns out, when you actually read the article.
Sure, I’ll keep my eyes peeled, Independent.
(Am I mistaken and the Independent is an American news outlet that just sometimes writes articles about the UK? I dunno, maybe?)
But yeah, sod clickbait. I avoid it like the plague. If we click, they’ve won.
This has been happening since 2011. The U.S. offers access to a larger pool of institutional and retail investors, providing companies with greater liquidity and funding opportunities. Some firms perceive U.S. listing requirements as more favorable, with less stringent environmental and stock market regulations compared to the UK and Europe. Overall the UK is in a hard place tax billion dollar companies and they will leave, put net zero requirements, and they will leave as well! The UK needs major reform otherwise the FTSE will be called the S&P/FTSE 50 by 2030.
People in the U.K don’t like taking risks in general so investing in the stock market is not popular at all.
Of course big companies will move where it’s more profitable. The real issue is, what consequences does have the economic model of that nation on society at large…. More profit can also come at the expense of society. It’s pathetic that profit is never looked at from the point of view of morality and benefit to society.
Has anyone else noticed that this sub is full of clickbait headlines now? It feels like I’m seeing this multiple times a day, and this definitely didn’t used to be a thing. It’s really weird. Did something change?
Would it not be improved by forcing our pensions to have say 10% in the uk stock market? Or does that create a bubble of some sort
> Moving the primary listing Stateside — while it will not immediately be join an index such as the S&P 500 — Wise aims to eventually join them, which brings additional liquidity benefits as index tracker funds add the company to their automatic baskets of shares.
> “While Wise is not initially expected to be eligible for these indices, a US primary listing provides the opportunity to work towards this inclusion,” the company added.
“Just invest in the S&P500” strikes again.
At this point companies are all desperate to join because if they can get in then they get access to a tonne of money (even if the company performance is awful)
There isn’t a single major tech company home grown in the UK because the government won’t let its citizens have that.
People here are talking about investing great…. your avg brit can’t invest enough and afford house to live etc. And it’s not taught enough