Chancellor Rachel Reeves is set to introduce plans for a world-first regulated private stock market, aiming to enable trading in shares of private companies by May 2024.
Pisces, the proposed Private Intermittent Securities and Capital Exchange System, aims to bridge the gap between public and private markets, supporting future listings and capital access.
The London stock market has seen a drastic decline with only 10 listings in 2023, raising £584.6m, showing the need for new platforms to enhance market activity.
A Treasury source indicated that Pisces will allow investors to engage early with promising companies, thereby fostering growth and contributing to a more dynamic capital market.
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