Spanish Companies Expand Their Reach: Ferrovial’s Nasdaq Listing Paves the Way for Growth and Higher Valuations

Spanish companies are beginning to turn their attention to the United States as a potential market for growth and higher valuations. One such company, Ferrovial, is set to begin trading on the Nasdaq this Thursday, marking the final step in its roadmap to increase international visibility and establish a presence in the US market.

Ferrovial’s decision to list on the Nasdaq follows controversy surrounding its initial debut on the Amsterdam Stock Exchange. The Del Pino family’s clear objectives are to attract international managers and funds by being included in indices such as the Nasdaq 100. This move will allow them to tap into a market that represents nearly 34% of their sales.

Other Spanish companies listed on the Ibex 35 are also considering listing on Wall Street, with options such as dual listing or spinning off their American businesses. Listing in the US typically results in higher valuations, which can lead to improved stock prices over time.

Companies like ACS, FCC, and Sacyr have significant operations in the United States. ACS has three subsidiaries in the country and generates 56% of its sales in the US, while FCC’s waste management business accounts for nearly 10% of its sales. Sacyr recently won a contract to construct and maintain a section of the I-10 highway in Louisiana for 50 years.

In addition to these companies, several others have already listed on Wall Street through American Depositary Receipts (ADRs), providing access to similar rights as shares held in Spain. Popular companies like Santander, BBVA, and Grifols have ADRs in the US. However, listing on a major stock exchange like the Nasdaq offers additional benefits such as increased visibility and access to more investors for growth opportunities.