techMARK is a market for a wide range of innovative
high growth companies which are also listed on the London Stock
Exchange. It forms a segment of the main market rather than a
separate trading platform, and currently consists of over 180
companies of all sizes from FTSE 100 to FTSE Fledgling.
For a company to obtain a listing on techMARK it
1. be an innovative high growth company;
2. have demonstrated its ability to attract funds
from sophisticated international investors;
3. raise at least £20m at the time of listing;
4. have a market capitalisation of £50m at the time
Companies which wish to list on techMARK will
include those involved in biotech, Internet, software development,
semiconductors and fibre optics. They can take advantage of special
new rules, including a waiver of the normal requirement for a three
year track record. This offers young growth companies an
alternative route to the main market.
The benefits of listing on techMARK for companies
of all sizes are a heightened profile and visibility, leading to
greater investor interest and greater liquidity. The big challenge
for techMARK will be when NASDAQ Europe is launched in 2001.
For further information on techMARK and how it
might be relevant to your business, please contact corporate
partner Michael Draper by e-mail on email@example.com or dd: 0207