PrimaryBid Signs Agreement with London Stock Exchange

Date : 11/21/2019 @ 2:49PM
Source : Dow Jones News
Stock : London Stock Exchange Group Plc (LSE)
Quote : 6790.0  50.0 (0.74%) @ 4:35PM

PrimaryBid Signs Agreement with London Stock Exchange

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By Sabela Ojea


PrimaryBid Ltd. said Thursday that it has signed a commercial agreement with London Stock Exchange Group PLC (LSE.LN) to expand access to equity offerings.

The online-investment platform, which connects retail investors with listed company offerings, will build a digital infrastructure together with LSE to enable retail investors in share offerings on the same terms as institutional investors, it said.

That way, retail investors will have real-time access to share deals, it said.

The deal combines LSE's "unparalleled expertise" in market infrastructure with PrimaryBid's digital distribution engine, PrimaryBid 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," Head of Equity Primary Markets Charlie Walker said.


Write to Sabela Ojea at; @sabelaojeaguix


(END) Dow Jones Newswires

November 21, 2019 09:34 ET (14:34 GMT)

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