Citigroup expects more Asian companies to list their shares in the U.S. as tech firms seek higher valuations and tap into the abundant capital of the world's largest stock market. Adrian Nye, Head of Issuer Services for Japan, North Asia, and Australia at Citigroup, said that Asian tech companies are aiming to boost their valuations by trading alongside their U.S. peers in the form of American Depositary Receipts (ADRs). According to compiled data, the average price-to-earnings ratio of constit
Citigroup expects more Asian companies to list their shares in the U.S. as tech firms seek higher valuations and tap into the abundant capital of the world's largest stock market. Adrian Nye, Head of Issuer Services for Japan, North Asia, and Australia at Citigroup, said that Asian tech companies are aiming to boost their valuations by trading alongside their U.S. peers in the form of American Depositary Receipts (ADRs). According to compiled data, the average price-to-earnings ratio of constit
智通财经2026/08/13 10:01Show original
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Citi expects that as technology companies seek to increase valuations and leverage the abundant capital of the world's largest stock market, more Asian firms will list shares in the US. According to Adrian Nye, Head of Issuer Services for Citi Japan, North Asia, and Australia, Asian technology companies are aiming to boost their valuations by trading alongside their US peers in the form of American Depositary Receipts (ADR). Compiled data shows that the average price-to-earnings ratio of Philadelphia Semiconductor Index constituents is about 22 times, more than double that of their Asian counterparts. So far this year, Asian companies have issued approximately $28 billion in ADRs, marking the highest level since 2020. SK hynix's $26.5 billion listing accounts for the vast majority, while the first-time issuance by Japanese payment service provider PayPay contributed $1 billion.
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