IPOs is an area where the independent research houses are still facing an uphill battle, because the issuing banks often do not provide access to the company or the detailed written information early enough for non-syndicate analysts to do proper research.
IPO Reform – Euro IRP Secures New Process for IRPs
Euro IRP has played a pivotal role in the drafting of new guidelines with the FCA and AFME to ensure equal access for independent research providers (as unconnected analysts) to issuers during the IPO process. This includes access to all detailed written information and equal-footing in meetings with issuers alongside the connected analysts from the syndicated banks.
For the first time independent non-syndicated analysts will have the information and the time to produce quality research for the investment community at the crucial stages of an IPO.
"These are important FCA reforms to the UK IPO process, which ensure for the first time, independent IPO research can be produced without barriers, and provide essential quality analysis at the right time to potential investors."
— Chris Deavin, Chairman Euro IRP
Our members can register to join the list of IRPs who intend to be part of this process by emailing preipo@euroirp.com.