British start-up attacks London stock market as it reveals plan to delist [Yahoo! Finance]
ASHTED GRP PLC UNSP/ADR (ASHTY)
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Source: Yahoo! Finance
A British car battery company led by former Tesla executives has lashed out at the London stock market after unveiling plans to delist. DG Innovate (DGI), which counts ex-Tesla director Peter Bardenfleth-Hansen as its chief executive, said a lack of support for start-ups in the City had prompted the decision to abandon the main market and go private In particular, the company said red tape around London's stock listing rules meant it was more difficult to raise money from investors, which has hindered its attempts to grow. “There has been and remains a broad lack of demand for exposure to companies at DGI's current stage of development within the UK's traditional institutional investor base,” it said. The company said it did “not foresee any obvi
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