A leading US stock exchange is on the hunt for more British companies to list in New York.
Karen Snow, the global head of listings at Nasdaq, said she is in talks with a number of UK firms about making the move.
And she said she believes the growing number of British businesses opting to list in the US rather than London was a trend.
Snow, who successfully lured Cambridge-based chip designer Arm to Nasdaq in a bruising blow to the City, told the BBC: ‘We are having a lot of conversations with companies about listing in the US.
‘We get a lot of inbound calls [from the UK] and we also make sure we’re in front of the right CEOs.’
Growing appeal: More than £10bn has been raised by 125 companies listing on Nasdaq this year compared with less than £1bn from 23 firms in London
She said companies were attracted to New York because of the access to ‘liquidity and valuation’, adding that Nasdaq ‘has a huge association with innovation and growth’.
More than £10billion has been raised by 125 companies listing on Nasdaq this year compared with less than £1billion from 23 firms in London.
Arm raised £3.8billion listing on Nasdaq in September despite heavy lobbying from London.
Building supplier CRH and plumbing group Ferguson have shifted their listings from the City to New York. Education giant Pearson is also under pressure from its largest shareholder to do the same.
Finance veteran Baroness Morrissey, who has held senior jobs at firms Newton Asset Management, Legal & General and AJ Bell, said London ‘feels less confident and energetic’.
