Types of securities


There are a number of ways to join our markets, some of which are more to suitable for internationally-based companies.

Shares

UK companies seeking a stock market quotation apply for a primary listing.
Internationally-based companies can apply for a primary listing or, if already listed on their own domestic markets, can apply for a dual primary or secondary listing in London. Shares can be denominated in all major currencies.

 

Depositary Receipts

Depositary Receipts (DRs) are negotiable certificates which represent ownership of a given number of a company’s shares which can be listed and traded independently from the underlying shares. There are a number of forms of DRs including American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Euro Depositary Receipts (EDRs) and Retail Depositary Receipts (RDRs) – all of which can be listed in London.

 

Bonds

As well as shares and DRs, companies can list debt instruments on the Main Market. These range from simple eurobonds and credit-linked notes to complex asset-backed issues, high yield bonds and convertible/ exchangeable bonds.

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