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As UK listings drift to New York, pension funds are in the firing line

Solving London's listings dilemma risks running aground with weak arguments

There is no evidence that pension funds' aversion to UK equities is the root of London's valuation discount
There is no evidence that pension funds' aversion to UK equities is the root of London's valuation discount Photo: Getty Images

Is the media getting a bit over-excited about companies choosing to list in New York rather than London? After all, what has actually happened?

Arm has finally opted to float in America. OK, that’s a shame. But despite all the huffing and puffing by ministers, it always seemed unlikely the chip designer’s owner SoftBank would chose London.

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