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dc.contributor.authorCheffins, BR
dc.contributor.authorReddy, BV
dc.date.accessioned2022-06-08T23:30:36Z
dc.date.available2022-06-08T23:30:36Z
dc.date.issued2023
dc.identifier.issn0026-7961
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/337924
dc.description.abstractThere is a general consensus that the UK needs strong public markets. To help to ensure that Britain is well-positioned on this front, the Financial Conduct Authority reformed the London Stock Exchange’s listing regime in 2021 to foster initial public offerings (IPOs). This paper outlines and evaluates these IPO-related reforms, assessing in so doing their potential to resuscitate the UK’s public equity markets. The paper puts the IPO-related reforms into context by considering whether the fostering of strong equity markets is a sensible policy goal and by assessing what law can contribute to this endeavour. With respect to the specific IPO reforms, the paper acknowledges they may increase IPO activity but maintains concerns about strong public markets will continue to exist. This is because the reforms do nothing to address exits from the stock market or concerns about ‘over’-regulation of public companies that discourage reliance on equity markets
dc.publisherWiley
dc.rightsAll Rights Reserved
dc.rights.urihttp://www.rioxx.net/licenses/all-rights-reserved
dc.subjectpublic companies
dc.subjectinitial public offerings
dc.subjectstock exchange regulation
dc.subjectdual class stock
dc.subjectspecial purpose acquisition companies (SPACs)
dc.subjectLondon Stock Exchange
dc.subjectFinancial Conduct Authority
dc.titleWill Listing Rule Reform Deliver Strong Public Markets for the UK?
dc.typeArticle
dc.publisher.departmentFaculty of Law
dc.date.updated2022-06-07T15:48:46Z
prism.publicationDate2022
prism.publicationNameModern Law Review
dc.identifier.doi10.17863/CAM.85330
dcterms.dateAccepted2022-06-06
rioxxterms.versionofrecord10.1111/1468-2230.12758
rioxxterms.versionAM
dc.contributor.orcidCheffins, BR [0000-0001-7417-7368]
dc.contributor.orcidReddy, BV [0000-0002-6519-3160]
dc.identifier.eissn1468-2230
rioxxterms.typeJournal Article/Review
cam.issuedOnline2022-07-27
cam.orpheus.successWed Aug 03 09:45:48 BST 2022 - Embargo updated
cam.orpheus.counter5
cam.depositDate2022-06-07
pubs.licence-identifierapollo-deposit-licence-2-1
pubs.licence-display-nameApollo Repository Deposit Licence Agreement
rioxxterms.freetoread.startdate2022-08-07


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