HISTORIC PRESS RELEASE : Chancellor launches Techmark [November 1999]

The press release issued by HM Treasury on 3 November 1999.

The London Stock Exchange’s new technology market – Techmark was launched today by the Chancellor Gordon Brown.

Techmark will be the London Stock Exchange’s ‘market within a market’ for innovative technological companies. It aims to meet the investment requirements of technological companies already listed on the LSE main market and those who may be thinking about flotation.

Welcoming the launch of Techmark, the Chancellor said:

“I welcome the launch of Techmark – a new market for the new generation of dynamic entrepreneurs whose success depends on innovation. It is designed to meet the unique needs of technology companies – from those already listed on London’s markets to those thinking about a flotation.

“Bringing together companies with a shared commitment to technological innovation, Techmark emphasises the importance of new technology. And by including FTSE fledgling companies alongside FTSE 100 companies, it recognises that the new companies of today can be the leading companies of tomorrow.

“So with the launch of Techmark, new growing companies have a quicker route to the main market and wider access to the investors on which their growth and success depends.”