WPP Explores Potential U.S. Stock Market Listing
CEO Mark Read cites U.S. growth ambitions, London market challenges, and AI investment plans as key priorities for 2025.
- WPP CEO Mark Read has acknowledged the possibility of moving the company’s primary stock market listing from London to New York, though no formal plans have been made.
- The London-listed advertising giant generates nearly 40% of its revenue in the U.S. and seeks to expand its presence in the American market under the Trump administration.
- Read criticized the valuation challenges facing London-listed companies, calling for the UK government to address the issue, which he said is driving mergers, acquisitions, and delistings.
- WPP plans to invest up to $100 million in artificial intelligence to enhance creativity and productivity across its agencies, with 2025 being a key year for execution of this strategy.
- The company is facing internal backlash over a new return-to-office mandate requiring employees to work in-person at least four days a week, with nearly 20,000 signing a petition against the policy.