As described in the London Stock Exchange, New Market High-Growth Segment (HGS) is a spin off from the main market, which will have its own rules of trade, adjusted for companies that are just entering the market and the shares that may be significant variations. In addition, HGS will allow companies entering the IPO, as well as their creators to place on the market only 10% of the company, retaining 90% of the market for themselves.
The idea of this placement is to allow investors to more actively work with fast growing companies and companies of high-tech sector of the economy. Earlier in Europe in general and Britain in particular complained that European IT is increasingly lagging behind the U.S. and in order to close this gap requires some external support measures.
The London Stock Exchange said that before many European technology companies preferred share offering in the market is Nasdaq, since that makes more liberal requirements for companies. In addition, earlier British politicians have repeatedly said that London is losing its title of world's financial center and companies increasingly prefer when placing or local markets or other financial centers such as New York or Hong Kong.
Xavier Rolet, CEO of LSE, said that before the London Stock Exchange also appealed to the government to facilitate the procedures for placing on the market, especially with respect to the companies dynamic sectors of the economy and small businesses. "Part of it is because of a strict set of rules regulating the exchange, in Europe there is no own Apple, nor Google. Due to the very strict rules of accommodation, we lose a lot of opportunities."
HGS platform will be open to companies with a market capitalization of 300 million pounds and with a minimum of three years of work behind him, and with an average annual growth of 20%. In addition, the site will be banned from placing non-European companies from the extractive industries.
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