December 23, 2005
Foreign Companies List in London over the NYSE
After yesterday's post on the new SEC rules on deregistration for foreign companies the WSJ today has a column on the issue. The stark fact is that since Sarbanes-Oxlely the listing of new foreign companies has gone to London. In 2000, the United States claimed 89% of the new foreign listings; last year London claimed 88% of the new foreign listings. SOX has been cheered in the hallways of the professional offices of the City of London. Feel-good regulation has costs, folks.
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