Posted 4/11/2024, 4:00:00 AM
Shell Considers Relisting From London to New York Over Claims of Share Undervaluation
- Shell's CEO implies the company may move its listing from London to New York due to undervaluation of its shares
- Former Shell CEO also claims the company is "massively undervalued" in London compared to US
- They argue Shell doesn't get the same high valuations and positive investor attitudes in Europe
- It's unclear if a US listing would actually fix this supposed undervaluation issue
- Loose threats about relisting are damaging to the London Stock Exchange, and Shell hasn't shown evidence that location causes its lower share price