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The FTSE 100 lists some of the UK’s biggest companies. Yet there are some huge London-listed growth stocks that aren’t on the index. That’s because specific listing rules make it impossible for certain stocks to join. Some reasons why include being incorporated abroad, lacking liquidity, or being denominated in another currency.
However, a recent shake-up of the rules means some previously unwelcome stocks now have a chance to join the FTSE. One specific change is the merging of standard and premium listings into a single category. Previously, standard listings were not eligible as they didn’t comply with the higher standards of the UK Corporate Governance Code.
In July, the Financial Conduct Authority (FCA) eased the rules in an attempt to reinvigorate the UK stock market.
Subsequently, a massive £28.6bn company that’s been on the London Stock Exchange (LSE) since 2019…
