City regulator proposes delaying the release of research by banks working on the IPO until after the prospectus is publishedThe Financial Conduct Authority has proposed a shakeup in the market for initial public offerings (IPOs) as portion of a clampdown on anti-competitive practices in investment banking.The City regulator said investors should absorb timely, high-quality information when a private company sells shares for the first time. Continue reading...
Source: theguardian.com