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US should not be the default IPO choice

There is a strong case for European companies to be listed in Europe where analysts and investors are closest to the story

The writer is chief executive of European exchange operator Six Group

For the past two decades or more, the logic for ambitious technology companies considering an initial public offering appeared quite straightforward.

If scale, liquidity and visibility were the goal, then the US often seemed to be the most suitable destination. It boasts deep capital pools, experienced analyst coverage and commands global investor attention. But as global investors now question their US exposure more, the assumption that the country should be the default listings destination deserves a much closer look.

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