France's Tikehau considers moving listing to the US
Adds detail in paragraphs 4-6, Veon announcement in paragraph 9
Nov 21 (Reuters) -French asset manager Tikehau Capital TKOO.PA is considering moving its listing to New York from Paris as it seeks to attract more capital in the United States, a spokesperson said on Thursday, confirming a Financial Times report.
Management is "spending time" weighing up whether to go for a primary listing in the U.S. or to add a secondary one in New York, Mathieu Chabran, a Tikehau co-founder along with Antoine Flamarion, told the FT.
He added that a U.S. listing would make it possible to exploit the liquidity of the American markets and attract more retail investors.
Tikehau Capital is a fast-growing investment manager, with a focus on private credit. It has been listed on Euronext Paris since 2017.
The group had 47.1 billion euros worth of assets under management at the end of September.
European stock exchanges including Euronext ENX.PA and the London Stock Exchange LSEG.L have struggled to attract new listings in recent years as more companies remain private and a booming U.S. market lures the biggest names.
With a combined $26.8 billion in initial public offerings by the end of September, according to KPMG data, Wall Street's main Nasdaq and NYSE exchanges are currently the world's largest IPO markets.
A larger investor base and less red tape means they are attracting European businesses looking to launch secondary listings or delist in their home markets.
Mobile telecom operator Veon VEON.O on Thursday confirmed its shares would cease trading on Euronext Amsterdam on Friday, making New York's Nasdaq its sole listing location.
Reporting by Gianluca Lo Nostro, Mathieu Rosemain and Alban Kacher; editing by Jason Neely, Kirsten Donovan
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