London set for IPO ‘bonanza’ in 2021 January 7, 2021 Building on the momentum seen towards the end of last year, IPO activity in the capital is set to surge this year. After a pause in the first half of the year as the pandemic took hold, activity started to re-emerge by the end of the summer before a significant uptick in the last quarter. [...]
Investment body proposes ‘rebranding’ of standard listings January 4, 2021 The City’s leading investment body has proposed an overhaul of London’s standard listing category as the Treasury looks to revamp public listing rules. The former British commissioner to the EU Lord Hill is heading up a government-backed review into rules governing public listings in a bid to lure tech giants to the City. The City [...]
Johnson meets tech firm chiefs to talk listing in London December 19, 2020 Boris Johnson held a roundtable with executives from Britain’s fastest growing tech start-ups to get ideas on how to grow the UK’s tech sector and persuade firms to list on London’s stock markets. Bosses from Darktrace, Deliveroo, Oxford Nanopore and Revolut were among those invited to the meeting at Number 10 yesterday. According to The [...]
Airbnb targets $35bn valuation in blockbuster float December 1, 2020 Airbnb is targeting a $35bn (£26bn) valuation in what is set to be one of the final blockbuster stock market listings this year. In a filing today the holiday rental firm said it will look to raise up to $2.6bn from its initial public offering on the Nasdaq exchange, which is set to take place [...]
Door Dash eyes $27bn valuation as it rides tech IPO wave November 30, 2020 US food delivery startup Door Dash is aiming to raise as much as $2.8bn (£2bn) in an initial public offering that could value it at $27bn. The Softbank-backed app plans to sell 33m shares priced between $75 and $85 each, according to a regulatory filing today. The bumper listing will come amid a flurry of [...]
High-profile tech founders back $111m London startup fund November 30, 2020 A string of big-name tech founders including former Google boss Eric Schmidt are backing a new fund to invest in startups in the US and across Europe. London-based Firstminute Capital today unveiled a $111m (£83m) venture capital fund after securing support from some of the world’s top tech executives. More than 70 founders of billion-dollar [...]
Treasury launches listings review to lure companies to float in the UK November 19, 2020 The Treasury has today launched a review into the rules governing public listings in a bid to lure firms to float in the UK. Former British commissioner to the EU Lord Hill will lead the review which is aimed at helping to shape the UK’s financial services industry after Brexit. Lord Hill will present his [...]
Darktrace boss Poppy Gustafsson scoops up top innovation award November 10, 2020 Darktrace chief executive Poppy Gustafsson has scooped up the top prize for innovation at this year’s Women of the Year Awards. Gustafsson, who co-founded the cybersecurity unicorn in 2013, was handed the award at a virtual ceremony this afternoon. Organisers cited the cyber boss’ ability to steer Darktrace through critical levels of threats during the [...]
Tech and the City: Listing rules set for revamp to lure unicorns November 8, 2020 Rules governing public listings are reportedly set for a huge overhaul in a bid to lure tech giants to the City. Chancellor Rishi Sunak is next week set to announce a review into stock market listings to encourage tech unicorns, firms valued at over $1bn, and other high-growth companies to list in London rather than [...]
Deliveroo taps JP Morgan as it steps up London float preparations November 3, 2020 Deliveroo is said to have appointed bankers at JP Morgan as it steps up preparations for an initial public offering in London next year. The food delivery app has added the Wall Street bank to its line-up of advisers alongside Goldman Sachs, Sky News reported. Deliveroo, which was founded in 2013 by Will Shu, is [...]