French asset supervisor Tikehau Capital has confirmed that it’s contemplating a US inventory market itemizing however stated that “deliberations are nonetheless at a preliminary stage”.
The €47.1bn (£39.2bn) various asset supervisor, which has a big non-public credit score enterprise, has been listed on Euronext Paris since 2017.
Founders Mathieu Chabran and Antoine Flamarion have ambitions to construct a “Blackstone of Europe”.
They instructed the Monetary Occasions on Tuesday they have been contemplating a New York itemizing to entry extra liquid US markets and increase their model amongst particular person buyers.
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“As not too long ago talked about within the press, Tikehau Capital, the worldwide various asset administration group, continues to guage options to maximise its visibility and the attractiveness of its inventory and product providing to shareholders and buyers,” stated the agency in an announcement in the present day.
“The US market stays the market of reference for various asset administration, and lots of the main various asset managers are listed in New York. Accordingly, an inventory or twin itemizing in New York is amongst varied options into account by Tikehau Capital to enhance the valuation and liquidity of its inventory and strengthen its model and presence on this market however these deliberations are nonetheless at a preliminary stage.”
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Tikehau’s strategic buyers together with Temasek and Morgan Stanley, who alongside the founders and administration collectively personal 74 per cent of the corporate.
Rising numbers of European corporations are choosing US inventory market listings to entry deeper swimming pools of capital. Swedish fintech Klarna not too long ago filed for a US preliminary public providing and French oil firm TotalEnergies is mulling a New York itemizing.
Learn extra: Non-public credit score inflows outperform different alts