Nabarro on how the London market will open doors to high-growth companies

The London Stock Exchange has announced the creation of a fourth listing option on its London stock exchanges. Complementing the existing listing options of a premium or standard listing on the main market or a listing on AIM, the high-growth segment offers a fourth option for fast-growing companies that have aspirations to a future full (premium) listing in London and want something more than an AIM listing but less than a full listing.

The development of this new segment is a response to the ever-increasing number of high growth companies, particularly technology companies, which are perceived as shunning the UK markets in favour of the likes of NASDAQ.

The High Growth Segment represents a hybrid listing option between companies whose securities are listed on the Official List and admitted to trading on the London Stock Exchange’s main market and those listed on AIM. While AIM is a completely separate market, the High Growth Segment is technically a part of the main market. The only difference to other companies whose shares are traded on the main market is that they are not fully listed (see further below). The rules for the High Growth Segment borrow heavily from the AIM Rules for Companies and also draw on the Listing Rules which apply to companies on the main market…

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