(Alliance News) - PrimaryBid Ltd on Thursday said it has signed a commercial agreement with London Stock Exchange PLC to increase retail investor access to equity offerings.
PrimaryBid is an online investment platform and connects publicly listed firms with individual investors for share offerings. Its commercial agreement with London Stock Exchange will give retail investors broader access to initial public offerings and retail bonds, as well as follow-on equity capital increases and secondary block sales.
The two companies will roll our digital infrastructure to allow already listed and newly listing London Stock Exchange companies include retail investors in their share offerings on the same terms as institutional investors.
PrimaryBid will allow retail investors to have real-time access to share deals which are active on the exchange, and will be accessible through London Stock Exchange's Issuer Services Marketplace.
Charlie Walker, head of Equity Primary Markets at London Stock Exchange, said: "This agreement is part of our ongoing commitment to broaden the services available to retail investors. Individual investors and issuers will benefit from the additional capital and liquidity available through PrimaryBid's platform, helping to make markets more accessible for all."
PrimaryBid Chief Executive Anand Sambasivan commented: "This is not only an important development for retail investors. Issuers on the LSE can now access a broader pool of investors to augment capital formation and long-term trading liquidity. This is applicable to companies listed on AIM all the way to the FTSE 100."
Shares in London Stock Exchange were down 0.9% at 6,823.00 pence in London on Thursday.
By Anna Farley; annafarley@alliancenews.com
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