UK simplifies IPO rules in bid to revive flagging London listings
The reforms remove a seven-day research delay and are meant to cut compliance costs and execution risk for companies seeking a UK listing.
- On Wednesday, the Financial Conduct Authority announced simplified listing rules to make the UK stock market more attractive for companies seeking to raise capital, aiming to reverse a prolonged slowdown in flotations.
- London's stock market has shrunk over the last decade as companies move away seeking higher valuations and deeper capital access, particularly in the United States, prompting regulatory intervention.
- The FCA will remove the seven-day waiting period for connected research during an initial public offering to lower execution risks and compliance costs for issuers.
- FCA director of infrastructure and exchanges Jon Relleen stated, "By making the UK listing regime more efficient, we are supporting the growth and competitiveness of UK capital markets."
- This year has seen a surge in foreign take-private deals for British firms like Intertek, Tate & Lyle, and Segro, as domestic stocks became cheaper compared with United States equities since the start of the Iran war.
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FCA simplifies UK listing rules to boost lagging stock market
Britain’s financial regulator said it was simplifying listing rules to make the country’s stock market a more attractive place for companies to raise capital, seeking to reverse a prolonged slowdown in flotations. The Financial Conduct Authority said on Wednesday the changes would reduce the execution risk for issuers and lower compliance costs, and included removing […]
(Paris=Yonhap News) Correspondent Song Jin-won = UK financial regulators are seeking to overcome the prolonged slump in initial public offerings (IPOs) and the attractiveness of the UK stock market as a source of capital...
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