Finance
London’s IPO Hopefuls Say Overhaul of Listing Rules Not Enough
- Fintech CEOs push for bolder reforms to boost City’s appeal
- Share offerings in London have slumped in the last few years
The London Stock Exchange Group Plc in the company's office.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Chief executives of some of the largest private financial technology firms are pushing for bolder reforms to the UK’s listing rules, saying an overhaul announced this week doesn’t go far enough to revive London share offerings.
Enhanced incentives for research, better policies to attract global talent, a friendly tax regime that supports employee stock options are among measures that could help “solidify London’s status as a premier listing hub,” said Paul Taylor, CEO of banking software firm Thought Machine. Others such as Jaidev Janardana, CEO of SoftBank-backed Zopa Bank, called for a wider range of investors.