Large capsJan 9 2025

Europe far off building a trillion-dollar company, but size is not everything

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Europe far off building a trillion-dollar company, but size is not everything
© (FT Montage/Stefan Wermuth/Bloomberg)The difference between Europe and the US in stock market terms is “astonishing”.
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The dominance of the US, and its technology companies in particular, has become an accepted feature of global stock markets. Yet there is no fundamental reason why other countries should not be able to build these trillion-dollar behemoths. Is it possible that Europe, or even Asia, could build a trillion-dollar company in the near term?

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