ANL 13.70 Decreased By ▼ -0.10 (-0.72%)
ASC 15.16 Increased By ▲ 0.60 (4.12%)
ASL 15.25 Decreased By ▼ -0.05 (-0.33%)
AVN 99.78 Decreased By ▼ -0.11 (-0.11%)
BOP 8.62 Increased By ▲ 0.02 (0.23%)
CNERGY 6.82 Decreased By ▼ -0.19 (-2.71%)
FFL 9.35 Decreased By ▼ -0.14 (-1.48%)
FNEL 9.20 Decreased By ▼ -0.19 (-2.02%)
GGGL 14.60 Decreased By ▼ -0.30 (-2.01%)
GGL 22.15 Increased By ▲ 0.03 (0.14%)
GTECH 9.85 Decreased By ▼ -0.12 (-1.2%)
HUMNL 6.67 Increased By ▲ 0.01 (0.15%)
KEL 3.22 Decreased By ▼ -0.04 (-1.23%)
KOSM 4.27 Decreased By ▼ -0.11 (-2.51%)
MLCF 33.49 Decreased By ▼ -0.55 (-1.62%)
PACE 4.25 Decreased By ▼ -0.10 (-2.3%)
PIBTL 7.35 Decreased By ▼ -0.05 (-0.68%)
PRL 14.80 Decreased By ▼ -0.10 (-0.67%)
PTC 8.97 Decreased By ▼ -0.13 (-1.43%)
SILK 1.38 Decreased By ▼ -0.03 (-2.13%)
SNGP 34.30 Decreased By ▼ -0.20 (-0.58%)
TELE 18.22 Increased By ▲ 0.47 (2.65%)
TPL 15.02 Decreased By ▼ -0.33 (-2.15%)
TPLP 29.45 Decreased By ▼ -0.45 (-1.51%)
TREET 40.40 Decreased By ▼ -0.61 (-1.49%)
TRG 92.88 Decreased By ▼ -1.47 (-1.56%)
UNITY 27.43 Decreased By ▼ -0.77 (-2.73%)
WAVES 15.40 Decreased By ▼ -0.13 (-0.84%)
WTL 2.33 Decreased By ▼ -0.02 (-0.85%)
YOUW 8.10 Decreased By ▼ -0.12 (-1.46%)
BR100 4,652 Decreased By -25.6 (-0.55%)
BR30 18,373 Decreased By -250.6 (-1.35%)
KSE100 45,335 Decreased By -172.3 (-0.38%)
KSE30 17,852 Decreased By -73.8 (-0.41%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,037
824hr
Pakistan Cases
1,338,993
5,47224hr
Sindh
509,308
Punjab
455,499
Balochistan
33,744
Islamabad
112,557
KPK
182,619

The London Stock Exchange Group has proposed a special market for private companies to trade their shares publicly on the exchange on certain days, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.

The move is part of a plan to attract fast growing technology firms to list in Britain in the wake of Brexit, the Journal said.

Private company shares would trade publicly between one and five days in each trading window, once a month or quarter, or every six months, the report added, citing proposals seen by the Journal from the LSE to its regulators, the Financial Conduct Authority, and the U.K. Treasury.

The companies would not be subject to the same degree of regulatory oversight as a fully listed company, requirements that startup company founders say are deterrents to listing shares, the Journal said.

London Stock Exchange funds BondCliQ expansion into Europe

London Stock Exchange Group, and the U.K Treasury did not immediately respond to a request from Reuters for comment. A spokesperson for the FCA declined to comment.

The Journal said the LSE wrote in the document it sent to the FCA and Treasury on Dec. 21 that "the new venue type would act as a stepping-stone between private and fully public markets." It "should be seen as improving on the current options available to companies seeking to raise capital without imposing regulation that will inhibit growth."

Last year, Britain's markets watchdog confirmed new rules to boost London's role as a global centre for listing companies after increased competition from the European Union following Brexit.

Comments

1000 characters