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City figures urge retail inclusion in fundraising rush

Fund managers, investment platform heads and chief executives have pushed UK companies to allow retail investors to participate as they aim to strengthen their balance sheets
City figures urge retail inclusion in fundraising rush

A host of leading City figures have called on the UK’s listed companies to allow retail investors to participate in all future equity fundraisings following a relaxation of rules around raising new capital.

In an open letter investment platform owners, fund managers and chief executives urged UK companies to mandate retail tranches as part of their fundraisings and consider Financial Conduct Authority guidance by exercising their right to be consulted on direct bookrunners’ allocation policies. 

The letter stated: “While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.”

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