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FCA scraps premium listings in fight for IPOs

A new single equity category will replace the current two-tier system

Watchdog looks to boost an ailing listings market in the City
Watchdog looks to boost an ailing listings market in the City Photo: Mike Kemp/Getty Images

The Financial Conduct Authority plans to scrap its premium listing category to fight London's IPO drought.

Concerns have been raised in recent months as a flood of companies have left the City's markets for New York, and the Square Mile continues to suffer from a lack of new capital raisings.

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