Figures compiled by the Hemscott Group Limited, a Morningstar company, confirm that Jersey continues to be the number one ranked jurisdiction for registering FTSE 100 companies outside of the UK.
As of 29 June 2012, eight out of eleven such companies have been listed with a combined market capitalisation of £69 billion. Jersey has a further nine companies registered in the FTSE 250 Index, a total market capitalisation value from both exchanges of more than £78 billion, at least six times higher than any of its closest competitors in the market.
Jersey is also one of four jurisdictions alongside Bermuda, the British Virgin Islands and Guernsey, with the most Alternative Investment Market (AIM) companies registered outside of the UK.
The research also shows that Jersey was home to five companies which floated on the London Stock Exchange, half of all the non UK company flotations during the period.
Geoff Cook, Chief Executive of Jersey Finance Limited, commented: "One of Jersey's strengths in the global markets is its appeal as a jurisdiction for listings and these latest figures on the listings on London's Main Markets highlight our pre-eminent role in attracting the large scale listings. The rankings help to demonstrate that we have the skilled practitioners here to advise some of the world's leading companies on the advantages of registering in Jersey and that when combined with our attractive companies law, robust regulation and tax neutrality, make Jersey an ideal choice for this type of business."
Among the Jersey companies formed to list on the main London Exchange in the last eighteen months has been one for Glencore, the world's largest commodity trader, which established a Jersey holding company in May 2011 for the biggest ever Initial Public Offering (IPO) on the London Stock Exchange and Genel Energy plc, which was admitted to the Main Market in June 2011 and was the second largest flotation on the London Stock Exchange last year.
Worldwide Jersey has close to 100 companies which are listed on global stock exchanges with a total market capitalisation exceeding 135 billion.
Listing on a major Stock Exchange can be an important step in the development of private companies by:
- Providing capital for growth
- Creating a market for the company's shares
- Enhancing the profile and credibility of the business
- Ultimately, providing an exit strategy for its owners
Moore Stephens Jersey is able to provide assistance with listings on major Stock Exchanges.
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