British autonomous vehicle company Wayve is to trade its shares on the London Stock Exchange Group’s new private markets platform, becoming the first big company to use the system.
The self-drive start-up will sell shares next Wednesday on the Private Intermittent Securities and Capital Exchange System (Pisces), according to a notice on the exchange’s website.
Wayve said it had launched an $85mn tender offer for employees’ stock. The full sum would be sold via Pisces, said a person with knowledge of the matter.
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