First Sentinel Corporate Finance is an approved advisor for the IPSX Market. IPSX is the world's first regulated stock exchange dedicated to IPOs and trading of commercial real estate. For investors, IPSX enables direct investment into institutional grade real estate assets via a public market. For real estate owners, IPSX provides an alternative capital markets product on a fully regulated basis, expanding the universe of potential investors.

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The IPSX Markets

IPSX operates two markets

IPSX Prime, which is a Regulated Market, and IPSX Wholesale, a Multilateral Trading Facility (MTF).

IPSX Prime admits to trading issuers owning underlying single commercial real estate assets or multiple assets with a sufficient degree of commonality.

In turn, IPSX Wholesale is exclusively for institutional investors. Accordingly, whilst IPSX Wholesale issuers share the same broad features of IPSX Prime issuers, the types of issuers eligible for admission could include more complex ownership structures, more complex legal arrangements, or more unusual tenancy arrangements. This could include trading JV REITs.

Why list on IPSX?

IPSX is regulated as a Recognised Investment Exchange by the FCA in line with the other leading UK exchanges, providing both real estate owners and investors with the protections of a regulated market.

IPSX allows investors to buy shares in IPSX issuers through brokers, meaning that they can now acquire fractional ownership of much larger assets which historically may have been more narrowly held or inaccessible to institutional investors via a public market.

The process of selling the shares to investors by way of an initial public offering on IPSX can be completed in as little as 8 weeks.

IPSX delivers new and attractive opportunities for both real estate owners and investors providing flexibility, liquidity and transparency along with speed of execution and real time valuation.

The IPSX Market is suitable for companies that:

• Hold an underlying asset of institutional grade, i.e., with a market value in excess of £50m.
• Have a minimum free float of 10% for IPSX Prime. IPSX Wholesale does not prescribe a minimum free float.
• Have a minimum loan to value ratio of 40% for IPSX Prime. For IPSX Wholesale, the upper limit is 80%.
• Have audited accounts.
• Have issued a prospectus approved by the FCA, or an Admission Document if authorised under the FSMA.
• Have appointed IPSX Lead Adviser, an IPSX Approved Valuer and an IPSX Market Maker.

Growth companies looking to list in the UK have a choice of markets.

If you’d like to discuss your company’s specific IPO needs and ambitions and find the right market for your listing, complete the contact us form and we will be in touch shortly.


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