- LSE attracting South Korean listings.
- Indian firms consider LSE.
- Private initiatives drive expansion.
The London Stock Exchange (LSE) appears close to securing a series of listings from South Korea, as per information obtained by The Mail on Sunday.
Three companies, including a semiconductor manufacturer and a rapidly expanding poultry restaurant chain, are expected to join the LSE by next summer, with more likely to follow.
These plans stem from private initiatives aimed at connecting Korean businesses with City of London investors, led by a group known as Nexfin, renowned in the Far East for coordinating pre-listing financing and assisting companies in raising capital in the West. Additionally, the government and LSE have been collaborating behind the scenes.
This move to tap into the South Korean market could prove highly lucrative for the City, potentially involving listings worth billions of pounds, according to insider sources who noted that major banks are showing considerable interest.
“Don’t miss out! Grab your free shares of Webull UK today!”
Rumors suggest that Indian companies are also contemplating listing on the LSE amid ongoing trade negotiations between India and the United Kingdom. London’s financial centre benefits from India’s recent regulatory improvements allowing indigenous enterprises to access global markets.
The LSE has faced challenges this year, including chipmaker Arm’s decision to list in New York, prompting other UK-quoted firms to follow suit.
In March, the LSE welcomed the mayor of Seoul to London and subsequently entered into an agreement to facilitate the listing of “major domestic companies” in the United Kingdom.
Nick Davis from the City law firm Memery Crystal, involved in these potential listings, remarked, “Exceptional companies considering London may have otherwise chosen the U.S.”
