Private market investors have always traded a degree of liquidity for higher returns. But with deal activity muted and the IPO market at a standstill, illiquidity has intensified.

What if you could generate a reliable liquidity event without a traditional exit or IPO? You can with PISCES. 

PISCES is a framework for creating a secondary market in private company shares. 

Unlocking liquidity together - A webinar conversation that matters

With the UK introducing a structured model for trading private company shares, this conversation outlines what PISCES means for market participants today - and how it could reshape secondary liquidity going forward.

This session covers:

    • The market pressures driving the need for liquidity solutions
    • How PISCES and the LSEG’s Private Securities Market operate
    • The requirements that define a credible, compliant listing
    • Practical considerations for organisations preparing to participate

A valuable resource for organisations seeking clarity before engaging advisors, investors or regulators.

Apex PISCES Pro is fully integrated throughout the PISCES process, with a dedicated single point of contact. We have the global resources, expertise, and network to support you throughout your PISCES journey. 

Stage 1: Preparing for PISCES 

We ensure your company is compliant and ready to present itself to potential investors. 

    • Tailored management information packs and financial information 
    • Business planning and forecasting verification 
    • Sustainability advice, framework development, and compliance 
    • Strategic marketing support (storytelling, branding, and presentations) 

 

Download our eBook: Are you PISCES-ready? 

Stage 2: PISCES trading 

Apex Unitas is an London stock exchange Registered Auction Agent - delivering a seamless execution service. 

    • Facilitates interactions with the LSEG’s trading procedures 
    • Manages disclosures for potential investors 
    • Submits sell/buy orders 
    • Via a partner, settles trades according to PISCES and LSEG rules
Stage 3: Post-PISCES 

We help you maintain high levels of corporate governance and effective financial reporting.

    • Ongoing business service provision to ensure companies remain prepared for the next PISCES listing or an IPO
    • Detailed and timely financial reporting to service new investors
PISCES: Creating access to liquidity in private markets

PISCES represents a promising, albeit nuanced, innovation in the private capital markets.

Read our latest PISCES blog
PISCES: Creating access to liquidity in private markets
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