Building materials giant’s shift comes as blow to Irish market
The hope is that the group would also trade at a premium relative to profits by being listed in the US, where companies are traditionally valued on higher earnings multiples compared to Europe.
Davy analysts Ross Harvey and Andrea Collins said in a note to clients on Wednesday that the move of the primary listing to New York “is a significant event for the share”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CRH bids farewell to Irish marketEuronext lobbying for cut in stamp duty will not stem tide to markets with higher valuations and greater liquidity
Read more »
New York hedge fund takes short positions against Irish firms Kingspan and CRHNew Central Bank filings show Millennium International Management holds sizeable short positions against both Kingspan and CRH
Read more »
US Markets Update: Wall Street braces for Fed’s ‘hawkish hold’Federal Open Market Committee expected to keep rates in a range of 5.25 per cent to 5.5 per cent
Read more »
Shares advance ahead of likely Federal Reserve rates pauseCRH marked its last day of trading in Dublin with a 1.5% gain
Read more »
All Irish With Claire Beck - Set List & Listen Back 17.9.23This week, Claire played new music from CMAT, Nell Mescal, Vernon Jane and Shiv. As always, she started the show with one of the greatest Irish tracks ever r...
Read more »