UK plans mid-cap IPO springboard

20 Sep 2012

The UK is planning a new listing regime for high growth mid-cap companies in the £200m-£500m bracket in a bid to encourage more London IPOs in the technology sector. Restrictions such as those on minimum free float, reporting arrangements and corporate governance may be eased in a US Jobs Act-style move.

The proposals — to be formally announced alongside an existing Financial Services Authority review into its Listing Regime in the next few weeks — are being trailed as a launch pad for high-growth, mid-size European companies of around £200m-£500m market capitalisation to "move towards" a premium listing.

The new ...

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