The London Stock Exchange (LSE) is looking to amend its
listing structure to attract larger international companies.
But reports linking the decision to the expected initial public
offering (IPO) of Saudi oil giant Aramco are exaggerated,
according to some market participants.
The proposed changes originate from a February 2017
Financial Conduct Authority (FCA)
discussion paper reviewing the effectiveness of the UK
primary capital markets to get feedback on any potential
enhancements needed. The review focuses on the role that the
standard listing framework – which has lower corporate
governance requirements than the premium route - plays in
practice. It also considers the option of creating an
international segment for large overseas companies, a potential
new market to expand further into once the UK leaves the EU in
The company is set to go public with several international
exchanges vying for the position to hold the multi-billion
dollar listing"The historic rationale for...