Trading

Rival slams London Stock Exchange over free private listings

JP Jenkins boss hits out at the LSE for waiving fees on the new Pisces market

The City’s main bourse is trying to attract interest to a new type of market, but a smaller rival says its plans will disadvantage other platforms
The City’s main bourse is trying to attract interest to a new type of market, but a smaller rival says its plans will disadvantage other platforms Photo: Chris Ratcliffe/Getty Images

The London Stock Exchange’s plans to offer free listings on a new private market will hurt competition among such venues, according to one of its main rivals.

Mike McCudden, chief executive of private shares platform JP Jenkins, told Financial News that the LSE’s decision to waive fees for companies in first year of its Pisces stock market will make it “very hard” for others to develop competing venues.

WSJ Logo
European Defense Companies Ready IPOs Amid Higher Spending, ValuationsExternal link

European Defense Companies Ready IPOs Amid Higher Spending, Valuations