Spanish construction giant Ferrovial SE (BME:FER) posted on February 27, 2024 a strong jump in 2023 net profit to EUR 460 million ($499 million) from EUR 186 million in 2022, beating analysts' estimates as the company prepares to list its shares in the United States. The conglomerate last year surprised investors with a plan to move its holding company to the Netherlands, listing it there and later in the U.S., to expand its business and investor base across the Atlantic. In early January, Ferrovial filed with the U.S. Securities and Exchange Commission to be listed on Nasdaq.

The U.S. listing process is "advancing well," Ferrovial CEO Ignacio Madridejos said on a call with analysts on February 27, 2024, without elaborating. The company expects additional costs as new compliance processes may require hiring outside consultants, it said in a document filed to the SEC.