Tikehau says decision on US listing “still at a preliminary stage”
French asset manager Tikehau Capital has confirmed that it is considering a US stock market listing but said that “deliberations are still at a preliminary stage”.
The €47.1bn (£39.2bn) alternative asset manager, which has a large private credit business, has been listed on Euronext Paris since 2017.
Founders Mathieu Chabran and Antoine Flamarion have ambitions to build a “Blackstone of Europe”.
They told the Financial Times on Tuesday they were considering a New York listing to access more liquid US markets and boost their brand among individual investors.
Read more: Tikehau Capital saw record inflows in 2023
“As recently mentioned in the press, Tikehau Capital, the global alternative asset management group, continues to evaluate solutions to maximize its visibility and the attractiveness of its stock and product offering to shareholders and investors,” said the firm in a statement today.
“The US market remains the market of reference for alternative asset management, and many of the major alternative asset managers are listed in New York. Accordingly, a listing or dual listing in New York is among various solutions under consideration by Tikehau Capital to improve the valuation and liquidity of its stock and strengthen its brand and presence in this market but these deliberations are still at a preliminary stage.”
Read more: Tikehau Capital launches Asia private debt fund
Tikehau’s strategic investors including Temasek and Morgan Stanley, who alongside the founders and management collectively own 74 per cent of the company.
Increasing numbers of European companies are opting for US stock market listings to access deeper pools of capital. Swedish fintech Klarna recently filed for a US initial public offering and French oil company TotalEnergies is mulling a New York listing.
Read more: Private credit inflows outperform other alts
