Aquis Consults On Growth Market05.04.2020
Aquis Exchange PLC – the listed exchange services group – has issued a consultation paper setting out a number of innovative proposals as to how it will transform what was formerly NEX Exchange (acquired in March, now ‘Aquis Stock Exchange’).
Aquis Stock Exchange intends to develop its market into a future-facing home for quality growth businesses, improving the SME sector of public markets on behalf of all participants.
Key proposals include:
Greater inclusivity for retail investors: Some companies will publish a Growth Prospectus, allowing retail participation in small-mid cap IPOs
Opportunity for greater liquidity: Some companies will need to have no fewer than 25 shareholders & maintain 35% or more of their securities in public hands
Ban on short selling: Potential introduction of rules to prohibit or restrict short selling in some circumstances
We very much look forward to receiving your comments and to developing this market into a future facing home for quality growth businesses.
We ask that responses are directed to AQSEBusinessDevelopment@aquis.eu by no later than 15 June 2020.
This will bolster KKR’s capacity to serve as a full-service underwriter for IPOs.
Ruling could lead to further market structure innovation.
The first Chinese companies listed their Global Depository Receipts on SIX Swiss Exchange.
The exchanges will also explore new products in ESG, ETFs, and indexes.
Share trading obligation and the double volume cap would be removed.