UK Exchange Listing Rules Overhaul To Clear Way For SPACs
Law360, London (March 3, 2021, 10:45 AM GMT) -- The British government is considering a catalog of new rules for stock exchange listings, including provisions to attract special purpose acquisition companies, in a move to boost the London market's global competitiveness after Brexit.
The proposals are part of a Treasury-backed review that comes as Britain seeks to cement its position as a world-leading financial center. (iStock) The proposed reforms will include rules that support the operation so-called SPAC "blank check companies" formed solely to raise capital during an initial public offering to buy a target company, HM Treasury said Wednesday. The reform will allow London to follow a trend flourishing...
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