Regulation

LSE suggests special market for private companies

The LSE said firms like Revolut, buy-now-pay-later giant Klarna and money-transfer startup Wise would benefit from the change

The London Stock Exchange Group is seeking to blur the line between public and private companies, part of a plan to attract fast-growing technology firms to list in the UK in the wake of Brexit.

The LSE has proposed the creation of a special market for private companies to trade their shares publicly on the exchange on certain days, according to a person familiar with the matter and proposals from the LSE to its regulators, the Financial Conduct Authority, and the UK Treasury, seen by The Wall Street Journal.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential MergerExternal link

Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger