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ARTICLE · 24 APRIL 2013

London Stock Exchange Launches High Growth Segment

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On 27 March 2013, the London Stock Exchange (LSE) launched the High Growth Segment, a new Main Market segment which sits alongside the LSE's existing Premium and Standard segments and provides an alternative route to market for European companies.

United KingdomFinance and Banking

On 27 March 2013, the London Stock Exchange (LSE) launched the High Growth Segment, a new Main Market segment which sits alongside the LSE's existing Premium and Standard segments and provides an alternative route to market for European companies.

Lower free float requirement

The High Growth Segment is intended to attract medium and large sized high growth companies that do not meet the eligibility criteria of the Premium Segment, in particular in relation to the percentage of shares required to be in public hands (the "free float" requirement). While companies seeking admission to the Premium and Standard segments are required to have at least 25% of their shares in public hands at the time of admission, the free float requirement for the High Growth Segment is 10%, provided the shares in public hands also have a minimum value of £30 million. The LSE hopes that this lower free float requirement will encourage founder shareholders, including venture capital

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