Changing listing rules to lure firms to London could be self-defeating, says IoD
The Institute of Directors says relaxing rules to boost companies floating in London is risky, while others say the UK should look at SPACs listings
06 January 2021 - 17:59
London — British corporate lobby group the Institute of Directors (IoD) has said relaxing rules to attract more stock market listings to London could put at risk the UK’s strong track record on corporate governance.
A review of the UK’s rules on company stock market listings was announced in November by finance minister Rishi Sunak with the aim of boosting the number of new companies that choose to float in London, which faces tough competition from New York...
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