Source: Sharecast
The London-based fintech’s chief financial officer Declan Ferguson told the Financial Times Starling was currently weighing a US listing, where it could potentially achieve a higher valuation.
“We continue to observe what is happening externally with our peers, and also what is happening on the global stage in terms of the UK versus US [stock markets],” he said.
When asked whether the company would be better suited on a US exchange, Ferguson said that Starling had not formed a “concrete view”, and that the final decision over where any potential listing would take place was still “in flux”.
He added cautioned that Starling was in no hurry to float. Last year, the bank’s former interim chief executive John Mountain said that the fintech was “very committed” to a listing in London, which he described as the company’s “natural home”.
Ferguson, who has been at Starling since 2017, said that, while a New York listing might help boost its valuation, the company was first concentrating on expanding its US business.
Reporting by Frank Prenesti for Sharecast.com