Glencore is contemplating moving its primary share listing away from London, with the New York Stock Exchange as a favored destination. This potential shift comes amid a string of recent departures from London's stock market, where concerns about declining liquidity and low valuations have prompted companies to seek better opportunities elsewhere. Glencore's CEO, Gary Nagle, emphasized the need for an exchange that optimally values the company's securities. A move would underscore London's struggles as a global hub for mining firms, particularly after 88 other companies delisted in 2024.
If there's a better exchange, we have to consider that. London has been hit by a string of high-profile exits, raising questions about its viability.
Glencore's potential move reflects broader dissatisfaction with London's stock market, especially concerning liquidity and valuations, pushing companies toward US exchanges.
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