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Britain May Ease IPO Rules to Prevent $15 Billion Drain

As Avast Software NV planned its initial public offering last year, Chief Executive Officer Vincent Steckler considered listing the Czech anti-virus software maker in London before finally settling on the Nasdaq Stock Market in New York. U.K. Prime Minister David Cameron doesn’t want that to happen again.

To attract more technology firms such as Avast, Britain is considering new rules that would make the London Stock Exchange more attractive to startups. Taking a page from the Jumpstart Our Business Startups Act approved by the U.S. Congress this year, the government may cut the minimum stake IPO candidates are required to sell, from 25 percent to 10 percent.