The London Stock Exchange has unveiled its High Growth Segment as it looks to entice more technology businesses to join the markets.
This is what AiM was supposed to do but it seems that this market is just not up to the likes of NASDAQ when it comes to fostering high growth companies.
LSE says that the new High Growth Exchange has been developed to meet the needs of fast-growing companies aspiring to be included in the Premium segment of the UKLA’s Official List.
Under the new rules, companies will be eligible for admission to it if they meet criteria including: historic revenue compound annual growth rate of 20 per cent or more over a three year period and are a European Economic Area incorporated, and active, commercial company.
Furthermore, firms will have to publish an approved prospectus and there will be a minimum free float of 10% as opposed to 25% for the full list.
via LSE creates new High Growth Segment to attract fast-growing businesses.
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