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London Stock Exchange aims to boost tech IPOs with new High Growth Segment

Sophie Curtis | Feb. 14, 2013
The London Stock Exchange has unveiled plans for a niche market that will allow fast-growing companies to list shares and raise money while retaining 90 percent of the equity.

However, Neil Rimer, co-founder of Index Ventures, warned that these changes are not a panacea.

"In order to give European growth companies robust access to public markets, the institutional investment community - portfolio managers, research analysts and agents - need to invest in understanding how growth models work and how they are valued to develop conviction about owning pieces of these companies," he said.

Joanna Shields, CEO of the Tech City Investment Organisation and UK Government Digital Ambassador, added that the LSE's move sends a strong signal to overseas firms that "Britain is open for business".

 

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