The FCA announced the launch of the Pisces private stock market, set to debut later this year in collaboration with the Treasury. Designed for privately-owned companies, Pisces aims to bolster UK capital markets by providing a platform for private shares, albeit not accessible to retail investors. Investment analyst Dan Coatsworth highlighted its potential to familiarize companies with ownership structures conducive to IPOs. Pisces may also promote employee investment habits and enhance liquidity by allowing periodic trading of shares, though with restrictions on continuous trading similar to public markets.
Pisces could help private companies get used to the idea of slices of their business being owned by different people.
Pisces could improve liquidity by allowing private company shares to be traded at more regular intervals, offering staff a chance to trade shares.
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