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UK tech firms get better valuations in New York than London claims Nasdaq boss

Sam Shead | Nov. 19, 2014
Comes after London Stock Exchange takes several steps to make its markets more appealing.

The 213-year-old exchange also created its "Elite" programme in April in a bid to support tech companies that could list on its markets in the near future. The programme currently has 33 members.

Irfon Watkins, CEO of Bristol-based adtech firm and Elite cohort member, Coull, told Techworld: "If we feel the UK isn't up to speed enough and we can get a better deal for our shareholders by floating on Nasdaq then we will do that but personally I'd love it to be done in London.

"From our side, it's a case of whether we feel the market understands what we do locally. If it does, then we'll go with a float in the UK but we're also talking in the US as well.

"Although we're not on a programme there, it's a similar type of process."


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