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Are private shares traded amongst parties still "private shares" What's the difference between trading on "pisces" and trading on London's Stock Exchange? Is
by max_ 2y ago
Are private shares traded amongst parties still "private shares"
What's the difference between trading on "pisces" and trading on London's Stock Exchange?
Is it just legal gymnastics? Like everything is the same (de facto) but just that different laws apply (de juris)?
- davidt84 2y agoBeing publicly listed means you have to follow the rules that apply to PLCs. In particular, you have to publish accounts.
- wongarsu 2y agoReads a bit like legal gymnastics, or maybe an admission that the regulations around publicly listed companies are too difficult to meet for smaller players. Less regulation, but in turn it's not as public ("Only institutional investors, employees of participating companies and investors who can meet the definition of high net-worth individuals and self-certified or certified sophisticated investors under the Financial Promotion Order (FPO), will be able to buy shares on PISCES"). Also no issuing of new shares and no buybacks, only trading of existing shares.