The United Kingdom, Spain and the push for IPOs – Finanzas.com

Podcast Transcript

Since Brexit, the United Kingdom faces stiff competition from stock exchanges in the United States and the European Union to attract public offerings for the sale of shares (IPO).

London has seen how some British companies have preferred to go public in other global markets and that is why it does not stop thinking about how to change that dynamic and stop the decline.

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UK financial authorities have announced reforms to simplify IPOs and attract fast-growing companies to list on the London market.

Now they plan to go a step further and consider adopting measures that encourage people to buy shares. Promoting property, especially among the youngest, has become a priority of the Ministry of Financial Services.

The CNMV measures to promote the markets

The European Union is also in the process of speeding up IPOs, after the drought of recent years. And in Spain, the CNMV has been working for some time to encourage companies to go public on the stock market and not look for other alternative markets.

The latest Securities Market Law already includes initiatives in this regard, although some have arrived late, as is the case of SPACs or blank check companies.

The delay in its regulation has meant that the incorporation of this figure into the Spanish regulations has gone unnoticed, because the rise of acquisition companies with a special purpose is in its final phase.

The CNMV also supports informative days to promote the markets. But of course, here we find an added problem that they do not have in the United Kingdom.

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How do we encourage people to buy shares in IBEX 35 companies when the President of the Government refers to them as “dark powers” and disparagingly calls their presidents “gentlemen with cigars”?

How can the ownership of companies in Spain be promoted if their leaders accuse them of having “unspeakable interests” and of “conspiring in the Madrid circles”?

No matter how hard the CNMV tries, following the example of the United Kingdom will be complicated.

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