Sir Stelios Haji-Ioannou urges EasyJet to go for twin market itemizing
EasyJet ought to contemplate itemizing on the Nasdaq inventory alternate along with London to draw extra US buyers, in accordance with the funds airline’s founder.
Sir Stelios Haji-Ioannou, who arrange EasyJet in 1994, advised The Mail on Sunday {that a} New York itemizing may increase its worth and convey it nearer in dimension to rival Ryanair. The latter has a major itemizing on the Irish inventory market and one on Nasdaq.
‘Why would you object to a secondary itemizing on Nasdaq?’ the tycoon requested. ‘London hasn’t misplaced something. You’re simply attracting extra shareholders from the States.
‘I usually take a look at the worth of Ryanair and surprise why it’s increased than EasyJet.’
Ryanair is price £19.6 billion, in contrast with EasyJet’s worth of £4.2 billion.
Lagging behind: Ryanair is price £19.6 billion, in contrast with EasyJet’s worth of £4.2 billion
Haji-Ioannou, whose stake within the firm is price about £649 million, has beforehand been in battle with the board over technique.
He added that the choice would finally be one for EasyJet’s administration group.
Holiday agency Tui final week turned the most recent in a string of firms to give up London after shareholders voted overwhelmingly to delist, leaving it with a single itemizing on the Frankfurt inventory market in Germany.
