Petrol station giant EG Group has filed plans for a listing in the US in a fresh blow for London.
The Bury-founded company, which was founded by the billionaire Issa brothers, is getting closer to a New York IPO that could see it valued around £6.85billion.
And it has now submitted documents to the US Securities and Exchange Commission over a listing that could raise around £760million from investors, the Financial Times reported. It could list within the next two months.
It is the latest British company to set its sights on New York and snub London’s stock market, after Derby-based aerospace firm
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.