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City executives push ahead with plan for new stock market

After an unsuccessful pitch to acquire AIM, a group wants to launch a public market catering to thousands of venture capital-backed firms

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Fintech veteran Jon Prideaux and former AIM boss Martin Graham masterminded a proposal to acquire London’s junior stock market earlier this year Photo: Carl Court/Getty Images

A group of City executives is pressing ahead with plans to set up a new stock market for growth companies, eyeing floats worth as much as $5bn.

The so-called Global Growth Market is looking to raise about £4m in funding to support its first year of operations and build its technology platform, Jon Prideaux, who is spearheading the initiative, told Financial News.

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