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WANdisco PLC on Monday confirmed it is in the early stages of exploring an additional listing in the US, but added that it remains committed to London’s AIM, and to its AIM UK listing. WANdisco is a Sheffield, UK and California, US-based public software company which specialises in distributed computing. It runs a data activation platform for accelerating digital transformation at scale. The news comes after a report from Sky News on Saturday that indicated WANdisco has hired bankers from Evercore Partners to prepare for a New York listing. The dual listing, which Sky said ‘has been on the cards for years’ was first suggested as a possibility by Chief Executive Officer David Richards in 2017. ‘As a dual UK and US-headquartered technology company, WANdisco has long-stated its intention to consider an additional listing of its ordinary shares in the United States,’ the firm said on Monday. Shares in WANdisco were up 0.3% at 1,321.24 pence each in London on Monday morning. The announcement comes amid growing fears about London’s appeal, especially for technology listings. Only last Friday, Cambridge, England-based computer-chip designer Arm said it has chosen to float only in New York in 2023. ‘After engagement with the British government and the [Financial Conduct Authority] over several months, Softbank and Arm have determined that pursuing a US only listing of Arm in 2023 is the best path forward for the company and its shareholders,’ Arm Chief Executive Rene Haas said in a statement last week. Arm was a London listing and FTSE 100 constituent prior to being acquired by Tokyo-based Softbank Group Corp for £24.3 billion in 2016. Also last week, FTSE100 building materials firm CRH PLC said it will move its primary stock listing from London to New York. Plumbing and heating products supplier Ferguson PLC and miner BHP Group Ltd have made similar moves. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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