A new stock exchange that will allow investors to invest in individual properties through share sales has been given approval by the UK financial regulator. The team behind the International Property Securities Exchange said today that the Financial Conduct Authority had made the market a recognised investment exchange. IPSX claims to be the...
The International Property Securities Exchange has been given approval by the Financial Conduct Authority for IPSX , the world 's first regulated exchange allowing owners of single property assets to trade shares . Owners of multiple assets may also trade , if they meet eligibility criteria . ISPX chairman and former Lehman Brothers banker John Gahan said it was a " landmark moment " and a " great example of financial innovation " . The first public offerings are expected at the end of Q1 2018 .