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The London Stock Exchange Announces New 'High Growth Segment' to Boost Tech Companies in the UK
February 15, 2013
BY JAMES COLE, RONAN O'SULLIVAN, ROSS MCNAUGHTON, & JOEL SIMON
The London Stock Exchange ("LSE") has announced proposals to introduce a new section to its main market, catering specifically for high growth companies looking for a transitional route to the Official List. The announcement follows a similar regime introduced in the U.S. for emerging growth companies under the recently enacted Jumpstart Our Business Startups Act, and mark an encouraging development in the LSEs attempts to make the London market more competitive for the development of a technology IPO market.