PWC : New York, London and Hong Kong expected to remain as top listing destinations in 2030

PWC : New York, London and Hong Kong expected to remain as top listing destinations in 2030

11.03.2019: • Exchanges in developed markets are proving to be resilient, benefitting from their recognised liquidity and stability • Companies from China and India expected to dominate issuance in 2030, although growth of exchanges in eme

•    Exchanges in developed markets are proving to be resilient, benefitting from their recognised liquidity and stability



•    Companies from China and India expected to dominate issuance in 2030, although growth of exchanges in emerging markets has been more subdued than anticipated


•    Seventy per cent of respondents expect businesses to consider going public at some stage, notwithstanding public equity becoming a less important source of funding


•    The range of financing alternatives has increased, with private equity being the preferred option

 




The top four exchanges that issuers will consider beyond their home exchange in 2030 are the New York Stock Exchange (NYSE) (37%), Nasdaq (26%), London Stock Exchange (LSE) (24%), and Hong Kong Stock Exchange (24%), according to Capital Markets in 2030, new research by The Economist Intelligence Unit on behalf of PwC. 



The survey asked nearly 400 executives at companies from across the globe for their views on the factors that are defining the development of global equity capital markets, following up from a 2011 report.
 


This marks a change from 2011 when respondents predicted that Shanghai market would be the leading exchange by 2025, followed by NYSE, the Indian exchanges and Brazil’s Bovespa.
 



Ross Hunter, PwC Global IPO Centre leader, comments:

 


“Excessive optimism about emerging markets has been tempered by political and market realities. Expectations are now for a more closely run race between developed and emerging markets exchanges.”
 


Looking at the IPO pipeline, China (55%) is the country predicted to generate the most new issuers by 2030 followed by India (45%), the US (41%), Brazil (21%) and, despite Brexit concerns, the UK (18%).  China and India also led in this category in our previous survey.  Both have been taking steps to develop their equity capital markets, with a number of recent initiatives in China in particular.
 


Liquidity remains the top priority (selected as most important by 49% of respondents) when choosing a listing location. There is also an increase in the focus on valuations (32%) and concern about the costs of listing (29%).
 


PwC anticipates that technology will continue to be a significant driver in the future of public companies.  Increasing efforts by leading financial centres to win over technology and ‘new economy’ companies will continue to intensify competition between the New York and China (mainland China and Hong Kong) exchanges in particular.
 


It is clear that in recent years companies’ options for raising capital have increased.  Some 76% of respondents believe that there are now more choices of both public and private financing routes in both developed and emerging markets.
 


Although 70% of respondents believe a public listing is becoming a less important source of funding globally, a similar proportion of survey respondents think it would be advantageous for successful companies to go public over some point in their life cycle. The most attractive private funding option, selected by 55% of respondents, is private equity.
 


Ross states:
“Private equity has been significantly influencing capital markets in recent years, leading to fewer, larger, later IPOs - particularly with technology and ‘new economy’ companies.”


 
Ultimately, therefore, rather than simply being seen as rivals to public equity markets, companies increasingly consider private markets to be complementary sources of capital that they can tap into when appropriate.
 



Ross Hunter concludes:

 
“For companies, the choice of credible exchanges for public listings, as well as the range of private funding options, will continue to expand, adding to the alternatives when they seek to raise capital.”
 




 2019 PwC, also photo

Permanent-URL: http://www.automobilsport.com/pwc-new-york-london-hongkong-remain-top-destinations-2030---187650.html

11.03.2019 / MaP

More News

BMW Group delivers over 171,000 vehicles in February
08.03.2019
- New BMW 3 Series sedan arriving in showrooms in March -  BMW i3 sales increase 20% in first two months of year Following sales growth in January, with the model changeover of the company’s bes more >>
Volkswagen to pay performance-related bonus of €4,750
05.03.2019
Human Resources Board Member Kilian and Works Council Chairman Osterloh praise team performance     For employees covered by collective bargaining agreements, bonus for 2018 rises by €650 compared with 2017 For 2018, the employees of Volkswagen AG covered by collective bargaining agreements are to receive more >>
Kia Motors posts global sales of 197,647 vehicles in February
04.03.2019
Kia Motors Corporation announced February 2019 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 197,647 units sold, which represents a 0.1 percent year-on-year increase. Kia’s best-selling model in global markets in February was Sportage SUV with 39,844 units sold. more >>
Acura Sales Climb 11% as American Honda Posts Strong February Results
01.03.2019
    Acura brand trucks set new February mark as RDX also gets record and MDX rises in double digits    Honda HR-V sets February sales record, its best month since a June 2018 flood strapped supplies more >>
BMW i Ventures Announces Investment in Züm.
28.02.2019
BMW i Ventures announced today an investment in Zūm, the leading provider of safe and reliable student transportation for school districts and working families. The company, which celebrates its fourth birthday this month, aims to become the world’s safest and largest child transportation provider.“Zūm has proven itself as a force to be reckoned wit more >>
Appointment of Olivier Bourges to the Managing Board of Groupe PSA
27.02.2019
The Supervisory Board met on 25 February 2019, decided to appoint Olivier Bourges, the Group’s Executive Vice President of Programmes and Strategy, as a member of the Managing Board effective from 1 March 2019 until the Managing Board’s term of office expires on 2 April 2021.  more >>
FCA to Expand Production Capacity in Michigan to Grow Core Brands, Electrify Jeep Vehicles
27.02.2019
$4.5 Billion to Build New Assembly Plant in Detroit and Add Production at Five Existing Michigan Facilities, Creating Nearly 6,500 Jobs•    FCA total committed investments in the U.S. grow to nearly $14.5 billion since 2009, with nea more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for January 2019
27.02.2019
    January 2019     Production     Domestic Production     52,209     108.3  &nb more >>
Groupe PSA to step up the momentum of its Push to Pass strategic plan
26.02.2019
...for the second phase, 2019-2021 •    Groupe PSA is now sustainably competitive, driven by the results of an efficiency drive that has aligned it with the best levels in th more >>
Historic year for Groupe PSA in 2018: record level
26.02.2019
...in revenue, volume of sales, recurring operating income and net result •    6.8% increase of Group sales at 3.88 million vehicles•   more >>
Lexus celebrates its 10 millionth vehicle sold globally
25.02.2019
    Landmark achievement includes 1.45 million self-charging hybrid vehicles    Record sales of 698,330 vehicles achieved in 2018 (+ 4.5% vs 2017)    30th anniversary of the brand launched in 1989 more >>
Volkswagen Group brings 2018 to successful close
22.02.2019
Sales revenue of EUR 235.8 billion exceeds previous year by EUR 6.3 billion; operating profit before special items of EUR 17.1 (17.0) billion at prior-year level    Net liquidity in Automobile Division again robust, at EUR 19.4 (22.4) billion more >>
TRATON remains on growth path in 2018
20.02.2019
Vehicle sales increase significantly by 14%    A record 233,000 vehicles delivered    CEO Andreas Renschler: “Fully achieved our targets.” TRATON SE maintained its growth path more >>
Groupe PSA invests in FengChe
18.02.2019
•    FengChe is a leading Chinese provider of used car supply chain management and transaction servicesphoto caption: Phil Robson, VP – Used Vehicles: New Business & Genyuan TAO, CEO & Founder FengChe more >>
Creating value beyond the deals -PwC and Mergermarket study
18.02.2019
Most acquisitions and divestments don’t maximise value – even when some dealmakers think they do. But acquirers who prioritise value creation at the onset outperform peers by more >>
Volkswagen Group makes solid start to new year
16.02.2019
Group brands delivered 882,200 vehicles worldwide in January (-1.8 percent)    Group wins market shares in more sharply declining overall world market    Growth in market shares in Europe, South America and Asia/Pacific, especially China    Special challenges from China and Brexit more >>
2018 FINANCIAL RESULTS: Groupe Renault maintained its operating margin at a high level
14.02.2019
....despite a more challenging environment in the second half    Sales were up 3.2% to 3.9 million units including Jinbei and Huasong brands as of January 1, 2018.    Group revenues were down 2.3% to €5 more >>
FCA and Groupe PSA extend Sevel Partnership to 2023
14.02.2019
FCA Italy and Groupe PSA have signed an agreement to extend until 2023 their successful LCV cooperation, started 40 years ago.The terms of this new agreement also include continued manufacture by the JV of Fiat Ducato, Peugeot Boxer and Citroën Jumper lar more >>
Renault Groupe Board of Directors communication concerning Mr Carlos Ghosn
13.02.2019
Following the resignation of Mr. Carlos Ghosn from the offices of Chairman of the Board of Directors and Chief Executive Officer on 24th January 2019, the Board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation.  more >>
Mercedes-Benz delivers more than 180,000 vehicles worldwide in January
11.02.2019
    Mercedes-Benz delivered 180,539 vehicles worldwide last month (-6.7%).    In China, more than 70,000 Mercedes-Benz vehicles were delivered in a month for the first time (+4.8%).  &n more >>
Audi starts 2019 with around 144,650 automobiles sold
08.02.2019
January close down 3.0 percent        Strongest start to the year ever in China        Vice President Marketing and Sales Martin Sander: “Electrification as focus topic for 2019” more >>
The relevance of gold as a strategic asset
05.02.2019
Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. As such, gold can play four fundamental roles in a portfolio:&bull more >>
Goodyear Acquires Weeting Tyres
04.02.2019
•    Acquisition aligns with Goodyear’s strategy •    Weeting Tyres branches to remain part of the HiQ Network, under Goodyear ownership Good more >>
Manfred Bräunl appointed as new CEO of Porsche in Middle East
04.02.2019
Personnel change in the sales organisationNew management for subsidiary in Middle East: Manfred Bräunl (55), previously Vice President Marketing at Porsche China Motors, will assume th more >>
Kia Motors Posts Global Sales of 208,908 Vehicles in January
01.02.2019
Kia Motors Corporation announced January 2019 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 208,908 units sold, which represents a 1.2 percent year-on-year increase. Overseas sales increased 2.2 more >>
Mitsubishi Motors Reports Nine-Month Financial Results for FY2018
01.02.2019
Mitsubishi Motors Corporation (MMC) today announced its financial results for the nine-month period to December 31, 2018.  1. FY2018 Nine-Month Financial Results Highlights more >>
Alliance members achieve combined sales of 10.76 million units in 2018
30.01.2019
    Combined sales by Renault, Nissan and Mitsubishi Motors rise 1.4% to 10.76  million units in 2018 – one in nine of all cars and light commercial vehicles sold worldwide    Total sales of Light Commercial Vehicles (LCVs) rise 13.5% to 2 million    Cumulative sales of electric vehicles up 34% y more >>
Mitsubishi Motors continues recovery with 18% sales growth in calendar year 2018
30.01.2019
    Annual sales up 18% to 1.22 million in CY 2018    Overseas sales reach 1,114,286 units, up 19% vs CY 2017    Japan, Europe and North America all experience double-digit percentage increases    ASEAN region sees 322,284 sales, up 35%, following success of new XPANDE more >>
Renault Board of Directors communication
24.01.2019
Renault's Board of Directors met on January 24, 2019 at 10 a.m. under the chairmanship of Philippe Lagayette, Lead Independent Director. photo caption: Mr. Jean more >>
Kia Motors America Posts Best-Ever 2018 Certified Pre-Owned and Branded Products Program Sales
24.01.2019
Award-winning CPO Program Stands out From the Competition with 2.0-percent Increase Year-over-Year •    Sportage and Forte set sales records with 9,420 and 9,233 vehicles sold, respectively•    Kia’s diverse lineup of vehicles continue to reach a broad segment of consumers more >>
Dr. Stephan Wöllenstein appointed to Volkswagen brand Board of Management
23.01.2019
Dr. Stephan Wöllenstein, CEO of the Volkswagen brand in China, has been appointed to the Board of Management of the Volkswagen Passenger Cars brand effective February 1, 2019.Dr. Stephan more >>
Audi electrifies the World Economic Forum in Davos
22.01.2019
Audi e-tron fleet powered by green electricity        Research project on reuse of electric cars’ batteries        Audi CEO Bram Schot: “Focus on sustainable mobility solutions”  more >>
PWC : CEO confidence in growth dips dramatically
21.01.2019
•    Uncertainty in global economic growth in almost all countries, caution prevails •    US remains key target market for growth with China narrowing the gap, both see a decline from 2018  •    Trade conflicts, policy uncertainty, geopolitical issues and skills gap impacting strength of global econ more >>
Groupe PSA inaugurates the multi-energy Powertrain Expertise Centre
18.01.2019
....in Carrières-sous-Poissy (France), to support the energy transition •    The inauguration of the Powertrain Expertise Centre (CEP) in Carrières-sous-Poissy (Paris region), dedicated to powertr more >>
Fastned stärkt Kapitalvermögen
18.01.2019
Schnellladeunternehmen erhält 6 Mio. Euro neues Kapital Fastned, welches ein europäisches Netzwerk an Schnellladestationen aufbaut, hat seine Bilanz mit 6 Millionen Euro neuem Kapital gestärkt. Dies beinhalt more >>
Alliance Ventures invests in Tekion
16.01.2019
.... the next-gen digital cloud platform for automotive retailInvestment in US provider of dealership software systems marks a new commitment for digital consumer experience in first year of corporate venture capital fund. Al more >>
Volkswagen AG and Ford Motor Company Launch Global Alliance
15.01.2019
Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers    Alliance does not involve cross-ownership between the two companies    Companies to first deliver medium pickup tru more >>
Senior appointments announced at Lotus
15.01.2019
    James Andrew appointed Director, Communications & PR    Simon Clare appointed Director, Global MarketingGroup Lotus is delighted to announce two new senior appoint more >>
UNCTAD: Creative economy bucks the trend, grows despite slowdown in global trade
14.01.2019
Latest data shows that China dominates trade in creative goods and servicesGlobal trade in creative goods is expanding with average export growth rates of more than 7%, according to a new UNCTAD report outlining trends in the global creative economy.The report, which includes sector-level profiles for 130 developed and devel more >>

2001-2019 automobilsport.com full copyright