Private market investors have always traded a degree of liquidity for higher returns. But with deal activity muted and the IPO market at a standstill, illiquidity has intensified.

What if you could generate a reliable liquidity event without a traditional exit or IPO? You can with PISCES. 

PISCES is a framework for creating a secondary market in private company shares. 

In conversation with Marcus Stuttard and Stephen Geddes – An introduction to PISCES.

Our team of experienced and dedicated professionals in key jurisdictions provide services that are at the forefront of industry best practice and meet the highest standards of governance. 

Marcus Stuttard, Head of UK Primary Markets and AIM at the London Stock Exchange, and Stephen Geddes, our Head of UK Corporate Oversight and Strategic Advisory, share more in our latest video.

Apex PISCES Pro is fully integrated throughout the PISCES process, with a dedicated single point of contact. We have the global resources, expertise, and network to support you throughout your PISCES journey. 

Stage 1: Preparing for PISCES 

We ensure your company is compliant and ready to present itself to potential investors. 

    • Tailored management information packs and financial information 
    • Business planning and forecasting verification 
    • Sustainability advice, framework development, and compliance 
    • Strategic marketing support (storytelling, branding, and presentations) 

 

Download our eBook: Are you PISCES-ready? 

Stage 2: PISCES trading 

Apex Unitas is an LSE Registered Auction Agent - delivering a seamless execution service. 

    • Facilitates interactions with the LSE’s trading procedures 
    • Manages disclosures for potential investors 
    • Submits sell/buy orders 
    • Via a partner, settles trades according to PISCES and LSE rules
Stage 3: Post-PISCES 

We help you maintain high levels of corporate governance and effective financial reporting.

    • Ongoing business service provision to ensure companies remain prepared for the next PISCES listing or an IPO
    • Detailed and timely financial reporting to service new investors
PISCES: Creating access to liquidity in private markets

PISCES represents a promising, albeit nuanced, innovation in the private capital markets.

Read our latest PISCES blog
PISCES: Creating access to liquidity in private markets

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