CITY AM – Private stock market gets the go ahead

The government will set out its plans for a “world first” private stock market tomorrow in a bid to revive the UK’s flagging IPO pipeline, City AM can reveal.

At her maiden Mansion House speech in the City, the Chancellor Rachel Reeves will reveal proposals to legislate in May next year for a regulated stock exchange system called Pisces, where investors can trade shares in private companies, Treasury sources said.