"The UK is a great place to list businesses, with its deep and liquid pools of capital ..cluster of specialist expertise. But we need to do more to attract IPOs, especially from entrepreneurial and fast-growing sectors such as tech – while..maintaining high standards of governance and transparency."
A new independent review
by Lord Hill has recommended reforms to UK Listing rules to boost
growth and markets. In response, Policy Chair of the City of London
Corporation, Catherine McGuinness, said:
"The
UK is a great place to list businesses, with its deep and liquid pools
of capital and cluster of specialist expertise. But we need to do more
to attract IPOs, especially from entrepreneurial and fast-growing
sectors such as tech – while, of course, maintaining high standards of
governance and transparency.
“We
are facing increasing competition in attracting fintechs, and
technology companies more generally, to list. Ensuring that as many of
these firms stay in the UK is vital for our fintech sector and for our
economy. More than a third of privately funded UK fintechs expect to
undertake an IPO in the next five years and are currently considering
their options for listing. It is vital that we ensure that listing in
London is an attractive option for these companies.
“That
is why we welcome the recommendations in Lord Hill's review, which were
developed in parallel to the Kalifa Review. The Government should
support these measures in order to boost our capital markets."
City of London
© City of London
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