Trading

FCA scraps premium listings in fight for IPOs

A new single equity category will replace the current two-tier system

Watchdog looks to boost an ailing listings market in the City
Watchdog looks to boost an ailing listings market in the City Photo: Mike Kemp/Getty Images

The Financial Conduct Authority plans to scrap its premium listing category to fight London's IPO drought.

Concerns have been raised in recent months as a flood of companies have left the City's markets for New York, and the Square Mile continues to suffer from a lack of new capital raisings.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump