In London, Reining in Foreign Tycoons May Hurt IPO Fees

Over the past decade, London became a second home for foreign billionaires who made their money in natural resources and were attracted by the U.K.’s stability and flexible tax laws.

The trend has put U.K. regulators in a bind. Financial and boardroom controversies at some businesses controlled by foreign tycoons suggest they act as if their companies are private, investors and analysts say.

lien: London, a second home for foreign billionaires