NYSE/Allianz: end of the Transatlantic Allianz

Nicholas Paisner European companies used to be desperate for the cachet of a US stock market presence. New York promised access to liquidity, a new shareholder base and a premium rating. But for many, the reality did not live up to the dream. Allianz has become the latest in a string of European issuers to deregister from the US Securities and Exchange Commission and delist from the New York Stock Exchange. The German insurer is also winding up listings on a number of European stock exchanges ...