“…Listing in major markets found enables firms from developing countries to enhance their growth opportunity and overcome these obstacles (Ghadhab & M'rad, 2018;Singh, 2009;You et al, 2013). Moreover, firms are found to engage in an overseas listing to enhance their information disclosure, compete with other investors, and attain wider financial innovation for local and foreign investors (Kipkemoi, 2013;Makau et al, 2015;Wanjiru, 2013). Firms also aim to increase their equity capital, operations, financial performance, and firm value through an overseas listing.…”