More British companies are in discussions about listing in New York rather than the UK, the global head of listings at Nasdaq has said.

Karen Snow said she “absolutely” believes that the growing number of British businesses opting to join stock exchanges in the US over London has become a trend.

Ms Snow, who helped to lure Cambridge-based Arm to list on the Nasdaq with its $4.9bn (£3.8bn) float in September, said a large part of the attraction of New York was the ability to attract larger levels of investment.

This year, the Nasdaq raised $13bn (£10.2bn) from 125 listings, known as initial public offerings or IPOs.

Over the first three quarters of 2023, 23 companies listed in London, raising $1.2bn (£953m) according to EY.

Ms Snow told BBC Radio 4’s Today programme: “We’re having a lot of conversations with companies about listing in the US. 

“We get a lot of inbound calls [from the UK] and we also make sure we’re in front of the right CEOs.”

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