Posted by Kevin Scully
There have been reports that the SGX is in discussions with the LSE on a possible merger - the source was apparently an interview with the CEO of the LSE, Xavier Rolet, in an interview with theDaily Telegraph in London.
I think global stock exchanges are all lobby for IPOs to be listed in their respective markets especially if there is no domestic source of big companies. So the merger is understandable and probably necessary if both exchanges want to remain as important capital market centres. The more interesting question given the failed ASX deal is what form it may take.
Table 1: Current prices of LSE and SGX
| PE | P/B | Mkt Cap | ... |
