LSE (LON: LSE) planning to revamp its IPO process

2 min read | January 19, 2021 08:31 AM GMT | By Team Kalkine Media
  • The London Stock Exchange Group (LON:LSE) has asked the government to speed up the floating process on the exchange so that it can align its initial public offerings process with the US and other major stock exchanges.
  • As a new review of the listing rules, it is seeking to shorten the process of IPO. It has been reported that despite the proposal, that unconnected analysts would have ample time to analyse the IPO candidate and convey it to investors on time, though the details remain unconfirmed.
  • At present, a company takes five weeks to finally get listed on the exchange and starts trading.

(Image source: ©Kalkine Group 2020)

  • The proposed changes could attract more players for getting listed on the exchange. Its worth noting here that last year, the primary market remained extraordinarily subdued due to the pandemic. Still, there was a blockbuster listing of the “The Hut Group”, launched in September with a £5 billion valuation and it was listed at a high premium from its 500 pence offer price.
  • The things have improved a lot in the new year and big names like Dr Martens and Moonpig Group have already announced their intention to float IPOs soon.

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