Reported 6 months ago
The largest IPOs on US exchanges this year have come from non-US firms, with Waystar Holding Corp.'s recent offering potentially becoming the largest by a US company in 2024 if it prices at the top of its range to raise $1.04 billion. Non-US companies like Viking Holdings Ltd., Amer Sports Inc., and Kaspi.KZ JSC have accounted for 39% of the $17.2 billion raised among IPOs on US exchanges so far this year. Global companies are choosing to list in the US due to higher valuations, specialized investor knowledge, and a willingness to pay higher valuation multiples, particularly in sectors like energy and materials. International issuers like Klarna Bank AB, Grupo Aeromexico SAB, and Novelis Inc. are also set to list in the US, with Europe and Asia contributing to 61% of the money raised by global issuers listing in the US.
Source: YAHOO