Showing posts with label European IT. Show all posts
Showing posts with label European IT. Show all posts

Wednesday, February 13, 2013

The London Stock Exchange creates a Nasdaq-like platform

The London Stock Exchange is planning to create its own platform for fast growing and technology companies that will compete with the U.S. Nasdaq, but will also be focused on European technology companies.

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.