London Stock Exchange enjoys busy year ahead of review

摘要

After a slow start, the London Stock Exchange has had one of its most successful years, with around US$68bn raised on the exchange in 2020, double that of 2019 and the highest figure in half a decade. The surge in issuance is a welcome boost for the exchange as market participants provide feedback to the UK government on proposed regulatory reforms. Relaxed pre-emption guidelines, the greater participation of retail investors in large deals and notable tech and emerging market listings all stand out as examples of how London adapted in 2020 against a turbulent backdrop. As the Brexit deadline looms, industry players are preparing feedback to a UK Listings Review on ways London could ramp up its appeal as a listing destination, amid an increasing shift towards fast-growth technology, e-commerce and science-based companies going public - all too often in the US. Submissions to a Treasury review, chaired by former European Commissioner Jonathan Hill, are due in early January.