Floating is all well and good, but until we know where the economic climate is going the markets are still anyone’s game. Floating one firm isn’t a good guide really.
A successful and sizeable IPO for a company essentially owned by the taxpayers has to be a good thing. But one flotation doesn’t say much about the economy in general.
If the London market wants to maintain competitiveness it needs to show it is open for business. A successful IPO and aftermarket performance can give people confidence.