Listing badly or desperately needed flotation aid?
Ivan Sedgwick contributed to an article on Proactive Investors concerning the incoming change in London's listing rules.
“Allowing SPACs doesn’t seem like a battle worth having even if past experience of shell companies, their closest equivalent in the UK, is that they tend to attract chancers and abstract wealth from shareholders. Provided there is proper disclosure, caveat emptor ought to apply,” suggested Ivan Sedgwick, the investments director at LGB & Co.
Read the full article here.