After debuting on the Amsterdam Stock Exchange, Ferrovial is set to make its mark in the United States. The Spanish infrastructure and energy company will begin trading its shares on the Nasdaq this Thursday, marking the final step in a roadmap that has not been without controversy.

The Del Pino family’s objectives are clear: to increase international visibility and establish a presence in a market that represents nearly 34% of their sales. They aim to be included in indices such as the Nasdaq 100, which would attract international managers and funds.

Ferrovial is not alone in its plans to expand into the US market. Other Spanish companies on the Ibex 35, particularly those in the infrastructure and energy sectors, are also considering listing on Wall Street. While leaving the Spanish Stock Exchange is not being considered, they are exploring options such as dual listing in both markets or spinning off their American businesses. Listing in the US typically results in higher valuations, leading to improved stock prices over time.

Companies like ACS, FCC, and Sacyr have significant operations in the United States. ACS has three subsidiaries in the country and generates 56% of its sales in the US. FCC’s waste management business accounts for nearly 10% of its sales, while Sacyr recently won a contract to construct and maintain a section of the I-10 highway in Louisiana for 50 years.

In addition to these companies, several Spanish companies are already listed on Wall Street through American Depositary Receipts (ADRs), which provide access to the same rights as shares held in Spain. Popular companies like Santander, BBVA, and Grifols have ADRs in