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Jurisdiction(s):
United Kingdom
Key definition
Main Market definition

What does Main Market mean? In UK capital markets practice, the Main Market is the london stock exchange’s primary venue for trading listed securities. It is a regulated market under FSMA and UK MiFIR, but “Main Market” is an LSE market name rather than a statutory definition. The market includes: securities admitted to the Official List under the UK Listing Rules (including the single equity shares category that replaced the former Premium and Standard segments), the Specialist Fund Segment, the Shanghai–London Stock Connect Segment, and the High Growth Segment (now closed to new admissions). Issuers seeking admission to trading must comply with the...

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London Stock Exchange Main Market High Growth Segment (UK): eligibility, prospectus disclosures, continuing obligations, transactions, key adviser role, cancellation and transition to Official List; archived overview and closure in 2024

Practice notes
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ARCHIVED

This Practice Note is archived and no longer updated. On 27 March 2013, the london stock exchange (LSE) unveiled the High Growth Segment of its main market (HGS). The LSE closed the HGS on 29 July 2024 after amendments to the listing rules, particularly changes to the shares in public hands requirement, rendered the HGS unnecessary.

Background

The HGS was conceived as a springboard for high-growth UK and European companies with bold expansion plans and a possible route to the Official List (Official List) of the Financial Conduct Authority (FCA). The HGS enabled a company to:

  • secure funding on a public marketplace
  • implement suitable standards of investor protection
  • generally put their affairs in order before they qualify for a listing on the Official List

The HGS sat alongside the LSE’s main market for listed securities (Main Market) and AIM, widening the choice of fundraising options for businesses seeking new capital. Its introduction answered market demand for a fresh route into the equities market for UK and European companies seeking...

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Danette Antao
Danette Antao

Danette is a senior knowledge lawyer in the corporate finance practice in Hogan Lovells' London office. She has a particular focus on legal and regulatory developments concerning the UK's equity capital markets....

Maegen Morrison
Maegen Morrison

Maegen is a partner in Hogan Lovells' London office specialising in equity capital markets, corporate finance and domestic and cross-border mergers and acquisitions, principally in the consumer and financial institutions sector. Maegen heads the London equity capital markets practice, co-heads the European equity capital markets practice and has a depth of experience in acting for both issuers and underwriters. Maegen was one of The Lawyer's 10 City Young Guns, appeared in The Lawyer's Hot 100, was one of the 2013 Legal Business Corporate Great Bright Hopes, was one of the 2014 Financial News 40 under 40 Rising Stars in Legal Services and is recognised by the Legal 500 UK 2013 as "very solid and technically excellent". ...

Web page updated on 21/05/2026

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