Challenger banks to lead a new jump in stock market flotations

 
Tim Wallace
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EIGHT major firms are expected to float in the UK early this year, with challenger banks leading the way.

Last year saw the most initial public offerings (IPOs) across the world since 2007 as investors became more confident in putting their funds into newly-listed firms.

Worldwide economic wobbles dampened the market in the autumn, but several businesses are set to float before the next crucial point of uncertainty – the general election in May.

Challenger bank Shawbrook is one likely contender, while the National Australia Bank is looking to sell off its UK lenders, the Yorkshire and Clydesdale Banks. Aldermore could also resurrect its float, which was pulled on market turmoil.

Car auctioneer BCA is expected to press ahead with its postponed listing, as is food firm Moy Park.

Autotrader had also delayed its float after considering going public in early 2013, well before last year’s boom. Tool hire group HSS is also planning an IPO as its private equity owner Exponent sells up.

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