IPSX has been described as a “very exciting proposition” but its success will depend on the quality of the first assets floated.
News that the Financial Conduct Authority (FCA) had given the green light to the launch of the International Property Securities Exchange (IPSX) last week was greeted with enthusiasm by leading industry figures on Twitter.
KMPG’s head of UK real estate Andy Pyle called it a “big and positive development”. Coyote chief executive Oli Farago said IPSX had the”potential to be game changing” and former GVA boss Rob Bould, a executive director at IPSX, said it would help move real estate “from an alternative to a mainstream asset class.”
So what is all the fuss about and will IPSX live up to the hype?
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