UK government proposes relaxation of tech IPO rules

Government ministers proposed changes to the listing rules on the LSE yesterday, which would allow companies to list just 10% of their business.

The VC community has been lobbying for the reduction of the free float minimum, which currently stands at 25%, in order to boost tech IPOs. Proposals were understood to have the backing of senior politicians before their official presentation yesterday.

It is hoped that these changes will put an end to UK companies listing in the US and improve London's standing as a European technology hub.

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