To even have a market cap, a company also needs to be publicly available at the market in the first place. In many European countries, it is much more common to have privately owned billion-dollar companies than in the US, where the stock market plays a much bigger role.
pizzamann2472 t1_j33qvf4 wrote
Reply to comment by christian4tal in [OC] Country Distribution of Top 500 Companies by Market Capitalization by chartbear
To even have a market cap, a company also needs to be publicly available at the market in the first place. In many European countries, it is much more common to have privately owned billion-dollar companies than in the US, where the stock market plays a much bigger role.