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Stock impact report

Europe can compete with New York on public listings with one simple tweak—by adding more ‘razzmatazz' and glamor to them, Euronext chief says [Fortune]

CRH PLC Ordinary Shares (CRH) 
US:NYSE Investor Relations: crh.com/investors/results-centre
Company Research Source: Fortune
That's the view of Euronext London's chief executive Simon Gallagher, who says European stock trading debuts lack the fanfare and “razzmatazz” of US listings. “The Americans are so good at this,” Gallagher said in an interview on the sidelines of the FIX EMEA Trading Conference in London. “This unique point in time in the life of a company when they go up and they ring that bell.” Gallagher's comments come in the wake of several high-profile European firms choosing to list in the US capital rather than at home. British chipmaker ARM Holdings Plc went public in New York last year, while Irish building group CRH Plc switched its primary listing there from London and scrapped its Dublin shares. Euronext London serves UK-based clients of Euronext NV's sprawling stock exchange network. Gallagher suggested press coverage of London IPOs should be done at the old Royal Exchange building near the Bank of England, which is now home to shops and restaurants, while Paris could use the Pala Show less Read more
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