The Financial Conduct Authority (FCA) has introduced changes to the UK’s initial public offering (IPO) rules aimed at speeding up listings, reducing costs and making UK public markets more attractive to companies. The FCA said the change would shorten the IPO process by up to a week while reducing execution risk and market risk for issuers. The changes follow a consultation on reforms to the IPO process and amend rules introduced in 2018 that were designed to encourage independent research during IPOs. The regulator said firms can continue to engage with independent analysts during the IPO process on a voluntary commercial basis. It added that it will continue to consider wider reforms to IPO information-sharing rules.