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The scale of public market is typically driven in each country by a small number of large tech companies. In the Netherlands, for example, 80.4% of the total market cap of public Dutch companies is accounted for by the top three companies with a Netherlands HQ. The UK has the most distributed public tech market cap. The top three public UK tech companies account for only 33.8% of total market cap, significantly lower than than other country.

Share of market cap held by top 3 largest public tech companies per country based on location of company HQ

S&P Capital IQ Platform, as of date 31 October 2020, for illustrative purposes only.