Why Stock-Market Tourists Flock to New York
- Date: 03-Mar-2023
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Saudi Arabia
Why Stock-Market Tourists Flock to New York
Competition between European financial hubs may just hand more power to the U.S.Photo: ronald wittek/Shutterstock
By
Stephen WilmotMarch 3, 2023 10:23 am ETSoftBank’s choice of New York for a listing of British microchip designer Arm has led to predictable hand-wringing about national decline in the U.K. capital.
But this isn’t just about London. On Wednesday, when Bloomberg reported SoftBank’s latest plan, industrial-gas giant Linde also delisted its shares from the Frankfurt stock exchange. With a market value of $175 billion, the company was the most valuable company in Germany’s Dax index.
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