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London Remains an IPO Draw, U.S. Changes Notwithstanding

London Remains an IPO Draw, U.S. Changes Notwithstanding

by Rick Turoczy on August 8, 2006

London stock-market customers are confident the City will remain a top financial center despite concerns that relaxation of a U.S. corporate-governance law will draw business back to the other side of the Atlantic.

The London Stock Exchange has enjoyed a flood of high-profile international initial public offerings lately, amid concern that foreign companies find America’s Sarbanes-Oxley Act excessively onerous.

The 2002 law, passed in the wake of accounting scandals at such U.S. companies as Enron Corp., makes senior executives personally accountable for their company’s activities and raises corporate-governance costs.

London Remains an IPO Draw, U.S. Changes Notwithstanding

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