TotalEnergies Explores 'Cross-Listing' In US And Europe - What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
TotalEnergies SE (NYSE:TTE) is considering cross-listing its shares in both the U.S. and the Euronext stock exchange. This move aims to offer shares to the American market while maintaining its European listings. The company is also exploring a primary listing in New York to facilitate U.S. investor access. TotalEnergies shares are trading higher by 1.68% following this news.
May 24, 2024 | 4:10 pm
News sentiment analysis
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POSITIVE IMPACT
First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) provides exposure to TotalEnergies. The cross-listing news could positively impact EIPX due to the potential increase in TotalEnergies' stock price.
EIPX holds TotalEnergies shares, and the positive news about TTE's cross-listing could lead to an increase in EIPX's value due to the potential rise in TTE's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Keating Active ETF (NASDAQ:KEAT) also provides exposure to TotalEnergies. The cross-listing news could positively impact KEAT due to the potential increase in TotalEnergies' stock price.
KEAT holds TotalEnergies shares, and the positive news about TTE's cross-listing could lead to an increase in KEAT's value due to the potential rise in TTE's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies SE is considering cross-listing its shares in the U.S. and Europe, which could attract more U.S. investors and increase liquidity. Shares are already trading higher by 1.68% following the news.
The cross-listing could attract more U.S. investors and increase liquidity, which is generally positive for the stock price. The immediate market reaction has been positive, with shares trading higher by 1.68%.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100