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.
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
bus_wankerr on
Fuck the US and fuck the way capitalism has destroyed all our research and welfare
KoolaidTarzan on
England has lost respect for itself it’s sad. Too much woke environmental nonsense. It’s sad because it comes from a place of empathy or kindness but it’s just not reality.
Fadesintodust on
So I have two manners of investing at the moment, as a young person, both as easy as possible, tied to bank accounts.
Neither of these offer UK stocks to invest in.
Of course I can expose myself to the FTSE100/250 but this is not all that fun when I want to be treating myself to some discount M&S trades right now and maybe, I don’t know, actually investing back in my own country!
What the UK lacks is not money but belief. And yes I know I can get a trading account with all manner of platforms that will be way over my head and tbh a hassle. I have tried that before and I still get scary emails about the sum of two pence attached to my account.
So, I would rather choose the lazy and easy option, but then it’s quite annoying when the lazy and easy option only offers Tesla and Apple and Adobe.
Early_Retirement_007 on
Dare I say it – Brexit hasn’t helped London or Europe. NY is the real winner here.
Fm961024 on
Surprised not… its not England’s capital city… it’s a 3rd world cabal shit hole run by medieval fucktards.
TinitusTheRed on
Given the way most UK companies are run it’s hardly surprising few people want to risk their money on the stock market.
Most UK productivity problems are due to poor management decisions around investment (lack thereof) and just making do. That could mean maintaining a manual process that keeps 4 people busy rather than investing in digitising it to enable just 1 person to do it. Or half baked projects often run by sales professionals that know nothing about projects which then fail to deliver yet go massively over budget.
Private Equity is no saviour. In my time at one company I saw deliberate decisions to benefit EBITDA that actively reduced day to day cash flow significantly, as well as decisions that would blow up on a new buyer post sale (i.e. would render a company insolvent).
There is no simple solution, as the changes required to get the UK population to invest are likely the polar opposite to the changes that companies want to encourage them stay on the stock market.
samb0_1 on
Mpst People are barely getting by in this country let alone have money to invest
ComprehensiveAd8815 on
I have some shares, acquired via work.. my friends, all professional people are all in their late 40s and early 50s and none of them have shares, such a thing would be an alien concept to them. Far too risky a thing, a few of them saw their folks dabble in the 80s and 90s and lose.
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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.
[deleted]
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
Fuck the US and fuck the way capitalism has destroyed all our research and welfare
England has lost respect for itself it’s sad. Too much woke environmental nonsense. It’s sad because it comes from a place of empathy or kindness but it’s just not reality.
So I have two manners of investing at the moment, as a young person, both as easy as possible, tied to bank accounts.
Neither of these offer UK stocks to invest in.
Of course I can expose myself to the FTSE100/250 but this is not all that fun when I want to be treating myself to some discount M&S trades right now and maybe, I don’t know, actually investing back in my own country!
What the UK lacks is not money but belief. And yes I know I can get a trading account with all manner of platforms that will be way over my head and tbh a hassle. I have tried that before and I still get scary emails about the sum of two pence attached to my account.
So, I would rather choose the lazy and easy option, but then it’s quite annoying when the lazy and easy option only offers Tesla and Apple and Adobe.
Dare I say it – Brexit hasn’t helped London or Europe. NY is the real winner here.
Surprised not… its not England’s capital city… it’s a 3rd world cabal shit hole run by medieval fucktards.
Given the way most UK companies are run it’s hardly surprising few people want to risk their money on the stock market.
Most UK productivity problems are due to poor management decisions around investment (lack thereof) and just making do. That could mean maintaining a manual process that keeps 4 people busy rather than investing in digitising it to enable just 1 person to do it. Or half baked projects often run by sales professionals that know nothing about projects which then fail to deliver yet go massively over budget.
Private Equity is no saviour. In my time at one company I saw deliberate decisions to benefit EBITDA that actively reduced day to day cash flow significantly, as well as decisions that would blow up on a new buyer post sale (i.e. would render a company insolvent).
There is no simple solution, as the changes required to get the UK population to invest are likely the polar opposite to the changes that companies want to encourage them stay on the stock market.
Mpst People are barely getting by in this country let alone have money to invest
I have some shares, acquired via work.. my friends, all professional people are all in their late 40s and early 50s and none of them have shares, such a thing would be an alien concept to them. Far too risky a thing, a few of them saw their folks dabble in the 80s and 90s and lose.