Molten Ventures has applied to delist from Euronext Dublin, becoming the latest company to exit Ireland's main stock exchange.

The venture capital firm will continue to trade on the London Stock Exchange following its delisting after nearly a decade of trading in Ireland.

In a statement, the British-based company said it had become increasingly difficult to keep up with the "further divergence regulatory requirements" between the EU and the UK since Brexit.

"It is anticipated the delisting will simplify compliance and regulatory obligations of Molten and reduce central costs," Molten added.

"Molten remains committed to the Irish market, having launched an Irish-focused fund with support from the Ireland Strategic Investment Fund (ISIF) in July 2023."

"The Irish Fund invests into high growth technology companies whose core activities, management and expertise are based in the Republic of Ireland."

Molten, which is led by Nicola McClafferty in Ireland, anticipates that the delisting will take effect on 19 May.

The latest accounts for Molten Ventures (Ireland) Ltd show the company made a loss of €72m last year, down from €162.2m in 2023, bringing the value of its profit and loss account down to €420.4m.

The company had equity of €516.3m, including investments valued at €957.3m against liabilities of €441m.

Major Irish-based firms such as CRH, Flutter Entertainment and Smurfit WestRock have delisted from Euronext Dublin over the past 18 months, opting to have their primary listing in New York.

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