LSE launches transaction under new private share platform

London Stock Exchange on Friday launched its first transaction under the UK financial regulator's new PISCES framework that allows investors to trade shares in private companies, reports Reuters.
The transaction involved the creation of an exchange-enabled investment structure, or a TPEIC, that will hold shares in Oxford Science Enterprises - an Oxford University-linked investment firm - and facilitate trading through structured auctions on the exchange's Private Securities Market.
LSE was the first company to win regulatory approval for a Private Intermittent Securities and Capital Exchange System (PISCES) platform, as Britain looks to boost growth, unlock capital markets and curb delistings.
Oxford Science Enterprises, valued at 1.3 billion pounds ($1.75 billion), holds stakes in more than 100 firms spanning artificial intelligence, quantum computing and life sciences.