The UK is intensifying its efforts to boost living activity as London IPOs plunge to levels not seen since the global financial crisis, according to a report by Bloomberg on Monday.
The British market regulator last week indicated that removing the distinction between premium and standard listings to establish a single category rather than for companies looking for a London IPO.
It is the latest effort in a larger campaign over the past year to attract more startups and intensify the capital level in a post-Brexit world.
The proposed rule changes, such as allowing founders to retain control of companies post-listing, have done little to intensify activity as the high-growth stocks have fallen out of favor this year.
London’s IPO market is heading towards its first half since 2009, with only $764 million generated in 2022.
