The chief executive of British fintech ClearScore has called on the government to do more to encourage retail investors to buy shares in UK-listed companies, as he expressed frustration at the negative mood around the London stock market.
Chief executive Justin Basini said the London Stock Exchange was ClearScore’s “natural home” as it considers an initial public offering within the next two years that he estimated could value the company at between ￡1.5bn and ￡2.5bn.
Basini said ClearScore, which provides credit scores and reports to 20mn customers, was in “soft preparation mode” for a listing so when the timing was right “we’re ready to go and get on with it”.
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