Software group WANdisco has become the latest UK company to announce plans to list shares in the US.
The company, which has headquarters in the UK and the US, said on Monday it was “in the early stages of proactively exploring” an additional listing of its shares in New York.
Its shares already trade on London’s Aim. WANdisco, which was founded in Silicon Valley in 2005, employs more than 180 people in Sheffield in the UK and San Ramon in California. Its customers include Google and Amazon.
The company said it remained committed to London’s junior market, and would be seeking a “dual listing” across the two markets.
The news of its US listing ambitions comes after CRH, the world’s largest building materials supplier, announced plans to ditch its listing in London in favour of one in New York.
Like CRH, WANdisco makes the bulk of its revenues in the US, where some British companies believe they can command a higher valuation.