Listings Ledger has spun out from the university to commercialise a real-time valuation ticker for privately-owned companies.

University of Strathclyde has formally unveiled UK-based fintech spinout Listings Ledger to deliver a real-time market valuation product for enterprises, FinExtra reported yesterday. Founded in August 2018, Listings Ledger has filed for a 20-year US patent for its technology, which combines public company filings with data from stock markets to build a live valuation of businesses for equity purposes. Ultimately, Listings Ledger hopes to act as a virtual stock market for privately-owned companies. It spawned from research conducted at the University of Strathclyde Business School and was co-founded by Daniel Broby from the university’s Centre for Financial Regulation and Innovation. Listings Ledger will soon begin open beta testing of its platform and will initially target the UK before aiming to expand internationally into markets including Ireland and continental Europe. It expects a boost from trends including open digital government, transparency and accountability. Daniel Broby said: “Scotland has always been at the forefront of financial innovation, and as a Scottish-based company we are proud to be driving technology that will benefit company owners, financial institutions and the wider UK economy. “We want to give private companies and the entrepreneurs behind them the benefits and freedom that publicly traded companies enjoy, creating a new market and ecosystem that can allow companies develop more rapidly through more easily available financing, thereby benefiting the entire economy.”

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