City of London should woo unicorns with dual-class shares – review

City of London should woo unicorns with dual-class shares – review

Post-Brexit UK should look to attract companies to the London stock market through a listings structure that allows owners to maintain more control of their businesses, according to the findings of a review for the Treasury.The report by former EU commissioner Lord Hill, ordered by the chancellor last November, makes a series of recommendations aimed at making the City more attractive rather than a bonfire of the current rulebook to bolster its competitiveness.

Rishi Sunak hopes to lure more international companies, especially so-called technology unicorns (privately held start-up companies valued at over $1bn), to go public in London which is currently trailing its largest rival, New York, easily.

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Lord Hill says his report is not about seizing a competitive advantage for London but opening opportunities



As Sky News revealed earlier this week, the main recommendation