A government-commissioned review published Wednesday made a number of proposals aimed at bolstering London’s stock market.
An employee sits reflected in a glass screen featuring the London Stock Exchange Group Plc's logo at their offices in London, U.K., on Thursday, Jan. 2, 2020.LONDON — London should reform its listings rules to attract blank-check firms and tech unicorns post-Brexit, a U.K. government-commissioned review said Wednesday.
There's long been a trend of European firms snubbing local exchanges in favor of the U.S. markets due to more favorable valuations and share structures. The U.K. government wants to change that and has released several proposals ahead of itsThe U.K. listings review, led by former EU financial stability chief Lord Jonathan Hill, makes a number of key proposals aimed at bolstering London's stock market:Reducing free float requirements to avoid diluting early backers.
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