Spain’s Infrastructure Giants Seek US Investors via Wall Street Listings

Major infrastructure and energy companies, like Ibex, are contemplating listing in the US after Ferrovial sets a precedent

In the past year, Ferrovial has been trading on the Amsterdam Stock Exchange and is now ready to expand its reach by listing on the Nasdaq. This move aligns with Ferrovial’s plan to increase visibility and establish a presence in a market that accounts for 34% of its sales. Additionally, Ferrovial aims to be included in indices like the Nasdaq 100 to attract international investors.

Several Spanish companies are also considering listing on Wall Street, especially those in the infrastructure and energy sectors. Some companies are evaluating dual-listing options, where they would list in both the Spanish and US markets or separately list their American businesses in New York. Listing in the US market generally leads to higher valuations, which can benefit these companies in the long run.

Companies like ACS, FCC, Sacyr, Iberdrola, Acciona Energía, Acerinox, and Fluidra have significant business operations in the US and see listing on Wall Street as a logical step. For them, it can provide access to higher valuations and a larger pool of investors. The energy sector has a growing demand for clean energy solutions in the US market, making it an attractive option for companies like Iberdrola and Acciona Energía. Infrastructure and construction companies like ACS, FCC, and Sacyr are actively participating in projects in the US and see listing on Wall Street as a natural progression.

While some Spanish companies are already listed on Wall Street through ADRs (American Depository Receipts), listing directly on the Nasdaq or other US exchanges can provide better visibility and higher valuations. As more Spanish companies continue to expand globally, listing in the US market remains an attractive option for many of them.

In conclusion, Ferrovial’s decision to list on the Nasdaq is just one example of how Spanish companies are expanding their reach beyond their domestic markets. Listing on Wall Street provides access to higher valuations and a larger pool of investors for these companies looking to grow globally.

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