London Stock Exchange falls behind rivals

The decision by UK tech firm Arm to list on the U.S. NASDAQ rather than in Britain is another blow to the once mighty London Stock Exchange


LONDON’S INITIAL PUBLIC OFFERINGS	Proceeds $billion

2023: London IPOs fall to lowest level since global financial crisis of 2009

10.8 0.4  8.6  18.6 1.2  7.7  24.9 12.0 4.2  12.2 7.4  7.4  2.8  16.6 1.5  0.9
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023


STOCK EXCHANGE VALUE	Total market capitalization, $trillion
U.S.	43.7
China 	10.20
Japan 	5.72
Hong Kong 5.14
India	3.28
France	3.20	2022: Paris overtakes London as Europe’s largest exchange
UK	2.97
2.87	Saudi Arabia
2.71	Canada
2.34	Germany

Since peak of 2007, LSE has fallen over 30% while U.S. market cap has more than doubled

2007 		2023
U.S. $19.7tn	$43.7tn
UK 4.3		2.97

    
Sources: Bloomberg 
Pictures: Getty Images           
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