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A government campaign was rejected to revive the city of London with a new system of commercial stocks in private companies by investment capital and executives of private shares as unnecessary and semi -“new version” of the novice market in the United Kingdom.

The securities system and the exchange of intermittent capital (whale) – proposed by the previous conservative government and with the support of the employment advisor Rachel Reeves – will allow investors in companies to sell stocks on organized stock exchanges.

The London Stock Exchange group is one of the companies that plan to operate the place of whale trading, where Shares It can be traded in a limited number of days every year.

But investors have asked about the amount of demand that the system would be, adding that the heads of companies with fast -growing corporate will refrain from choice because they will risk losing control of those who have a share in their business.

“I don’t see who will use it,” said a partner at the higher investment capital company. “It is a bold solution to a much more complex problem than heroes ready to understand it.”

“What is the problem that this solves?” Said Hussein Kanji, who founded Huston Venture. He added that the new system will be a problem for investment capital supporters because trading shares on private stock exchanges will be appointed price for their portfolios companies “that are likely to be low and possibly volatile.”

The Treasury said that the whale will provide fast -growing companies an incentive to put themselves in the United Kingdom and act as a “intermediate step” to ultimately include the public in London. Markets.

The London Stock Exchange has suffered from investment flows and faded company’s evaluations, with high -level groups such as the designer of floating designers abroad and public companies such as Betting Group Flute transmitting their basic lists to New York.

Secondary stock sales have become unlisted as companies Wait for a longer period To include, leaving investors to find other ways to benefit.

In the United States, the NASDAQ private market allowed investors and employees to trade the company’s shares since 2013, while allowing platforms such as Crowdcube, Seedrs and JP Jenkins shares trading in the UK.

But many investors of investment capital and investors in private shares – who said the government will be “with interest” – to the Financial Times is unlikely to use the platform to sell shares in their private portfolios companies or they do not believe that they will think of attracting high -quality companies.

The investment capital partner added that the chief executives of the fast startups, “want to control” those who possess their shares, especially to avoid throwing shares on the first day of a public list in the end.

A better international private stock company added that “it will be difficult to manage” to work with the shareholders who did not know.

The Financial Conduct Authority suggested allowing companies to “very limited” to put restrictions on the types of investors who can buy their shares, including in some situations that define the list of “specific individuals”. He suggested allowing companies to restrict the price range in which their shares can be traded.

The International Risk Stock Exchange (TISE) has a company headquarters for companies to operate auctions from their own shares without an intermediary. CEES Vermaas, CEO of TISE, said that, based on his experience, he doubted that the whale would be successful.

“We are skeptical that the rules [for Pisces] “Go away enough to make it success, because companies will still have the requirements for disclosure,” he said, adding that “they will have many full menu costs.”

Vermaas said, referring to the small stock market in London, which has suffered from low lists and liquidity, despite the presence of less strict rules than the main market on the London Stock Exchange. The young in London, who has suffered a decrease in lists and low liquidity, although there are less strict rules than the main market on the London Stock Exchange.

FCA said that the whale “will open the door to more opportunities for investors and can transform how private companies reach investors and grow,” while the cabinet said that the proposal was “only one. Large reforms to enhance competitiveness and investment” besides new and created grammar rules “Megafunds” pension.

“Everything [buyout executive] Who tells you, “I do not want to deal with thousands of investors,” the trend of travel is clear towards increasing roads to liquidity. . . Wide access to private capital. ”