11-January-2010
The recent restructuring of the UK share listing regime by the Financial Services Authority created a new hybrid category on the London Stock Exchange called a "standard listing."
Witty financial wags have labeled it a "sub-standard listing"—and with good reason.
As Donald Stewart, a partner at Faegre & Benson and chairman of the Quoted Company Alliance, points out "absolutely anybody can float a company for a standard listing, and technically, companies can even float themselves." Read more...