London Stock Exchange - Partner of Choice for Global Privatisations
Governments that are seeking a partial or full exit of a national asset look to London Stock Exchange to partner with their domestic exchange to guarantee a large capital raise from an international pool of investors.
London Stock Exchange’s track record in equity privatisations shows that over the past 30 years nearly $400 billion has been raised across our markets from 48 different countries.
Governments benefit from a choice of instrument types (for example, shares, Depositary Interests and Depositary Receipts) allowing full fungibility between the London and domestic lines of stock and from a fair and respected legal and regulatory structure. The FCA conducts a confidential filing and prospectus review process giving the issuer timing flexibility on announcements.
London investors are also receptive to regular selldowns as majority shareholders seek to liquidate their position. Good liquidity on London’s trading segments and strong demand for London-listed stocks allows for sizeable selldowns at narrow discounts.