| London Stock Exchange vs. the Frankfurt Stock Exchange
Which is better for you?
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Stock Exchange
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London Stock Exchange - Standard Listing
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Frankfurt Stock Exchange – Entry Standard
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Initial Cost
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£ 500,000+
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Less than €200,000
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Ongoing Cost
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£ 150,000+ per year
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Approximately €50,000 per year
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Minimum free float required
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25%
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10%
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Time to Listing
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7 to 8 months
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12 to 16 weeks
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Naked Short Selling Allowed
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Yes
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Banned completely in Germany in mid 2010 for the regulated market
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Audited historical financial information
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Three years or shorter period if applicable (IFRS)
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Three years or shorter period, if applicable (IFRS)
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Admission Requirements
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Prospectus
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Prospectus
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Prospectus required for further share issues?
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Yes[2]
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Only if an "offer to the public"[3]
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Footnotes: [1] This is not an exhaustive list
[2] If the issue will increase the total issued shares of the same class by more than 10%
[3] In essence, an offer to 100 or more persons
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In addition to all of this, graduations to the next segments are seamless so that, once you qualify, you can move up quite easily once you meet the requirements.
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