On Monday, it is easier for tech companies to list in London to strengthen the capital’s ability to compete with New York and the European Union following Brexit with – Britain’s financial watchdog.
The expense of ordinary shareholders and are popular in New York and Amsterdam with Dual-class share structures allow company founders to maintain control, the EU’s top share-trading centre.
They are already available in London on the standard segment, but shareholder rights groups who back “one share, one vote” oppose their introduction on London’s premium segment where top companies list.
Cutting the free-float while raising minimum capitalisation would put London in line with exchanges in New York and elsewhere for both the premium and standard segments for ordinary commercial companies.
Public consultation on the proposals will close in September, with final rules due before the end of 2021 who said it was good to see momentum building to improve London’s attractiveness as a place to list.
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