The government aims to encourage more technology companies to float, but wider reforms are needed
You would be forgiven for concluding from the pre-publicity that Lord Hill’s review of the London stock market’s listing regime, due to land before the chancellor’s budget on Wednesday, is solely about how to encourage more technology companies to float in the UK.
That’s certainly a central aim, and there’s a fair argument that, if London wants to keep pace with New York, a few old practices should be ditched. One would be the rule that says companies with dual classes of shares can’t be included in stock market indices such as the FTSE 100.
