There’s no way in hell I’d ever list in the UK under current conditions, no tech CEO would. (
on.ft.com/3wFNXRC)
We need radical and wholesale change that addresses the real core issue… the multiple you’d trade at would be significantly lower in the UK.
Forget about tweaking listing rules, there should be one flagship policy:
World leading R&D incentives. These have to be meaningful enough to close the multiple gap which would be significant but with the condition it should go back into investing in world class technical talent in the UK.
Until it feels financial viable, the best high growth companies will continue to list in the US and UK/EU markets slowly die.
Stop tweaking
@Jeremy_Hunt, it’s time for radical change.