The London Stock Exchange and the City of London jointly commissioned some research into the cost of capital incurred by issuers in major financial centres around the world.

The study shows that the cost of capital at both Initial Public Offering (IPO) stage and beyond is lower in London than in other major financial centres included in the study, and highlights the additional value offered by London’s corporate governance standards, which are rated the best in the world.

This is another reminder to stakeholders that a takeover by Nasdaq would be a severe blow to London’s status as a top financial centre.

The LSE reports: “The study covers equity and debt on the world’s largest stock exchanges: the London Stock Exchange’s Main Market & AIM, Euronext, Deutsche Börse, NYSE and NASDAQ, which together represent 58% of total world market capitalisation.”