COMPETITIVENESS MEASURES

Cross-Listings and Delistings by Non-U.S. Companies

We provide measures of both the cross-listings and delistings by foreign companies in the U.S.

Cross-Listings in the U.S. by Foreign Companies

When a foreign company lists in the U.S. through an IPO or a secondary offering, one of its objectives is to raise capital.  Of course, it may have other objectives, such as bonding to U.S. standards or acquiring U.S. “currency” for a stock acquisition.  When a foreign company cross-lists in the U.S. without raising capital, bonding likely has a larger role.  Therefore, the number of cross-listings by foreign companies reflects the perceived value of a U.S. public listing. The data shows the number of cross-listings—restricted to non-capital raising events—in the U.S. since 2000.

Cross-Listings in the U.S. by Foreign Companies PDF

Delistings by Foreign Companies

The data shows the number of delistings by foreign companies from the New York Stock Exchange.  In addition, the data shows the delisting rates (as a percentage of total listed companies) of foreign and domestic companies for the same period.  The source is the New York Stock Exchange and the World Federation of Exchanges.

Delistings by Foreign Companies from the New York Stock Exchange PDF

Domestic and Foreign Delisting Rates on the New York Stock Exchange (Chart & Table) PDF