EG Group, the Bolton-based petrol station operator founded by the Issa brothers, has filed for an initial public offering in the United States, bypassing the London Stock Market for a listing that could value the firm at approximately £6.85 billion ($8.7 billion).
The filing marks another significant departure for a major British company seeking access to deeper liquidity and higher valuations in New York rather than London.
The decision to list in the US highlights the persistent challenges facing the London market in retaining large domestic listings.
While the UK exchange has struggled with liquidity concerns and regulatory friction, US markets continue to attract British firms seeking broader investor bases and more favorable valuation multiples.
EG Group’s move adds to a growing list of prominent British companies that have chosen American exchanges for their public debuts or secondary listings.
Founded by the billionaire Issa brothers, EG Group operates one of the largest independent petrol station networks in Europe.