Home and away: issuers face new listing choices
Increased fragmentation of investor demand will mean that listing hopefuls will increasingly turn to exchanges away from their home market and could force bourses to focus on specific sectors or risk irrelevance.
Companies have been flocking to international exchanges in order to tap demand for many years, with the influx of Russian firms on the London Stock Exchange one of the most prominent examples.
However, more recently there has been a small but steady stream of companies seeking to list in
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