BIS has announced that it has developed proposals with the LSE to attract entrepreneurs and high-growth companies to the UK. It says that the proposals will include a new route to the IPO market in the UK for high growth companies which is likely to feature reformed rules on free float, eligibility criteria and reporting requirements. BIS says that it is intended that the route will act as a launch pad for companies seeking a premium listing and will complement the UK's existing markets, including the LSE Main Market and AIM. It will be targeted at European mid-sized high-growth businesses.
There are no detailed proposals at this stage but further details, including proposals on the eligibility criteria, are to be published before the end of 2012.
The press release also indicates that the FSA's response on its Listing Rule consultation paper CP12/2 is expected next month.
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