Shawbrook shares jump in biggest City IPO debut of the year Markets Shares in specialist lender Shawbrook soared in early trading after the firm made its IPO debut in the City. The bank’s stock was up over six per cent in early trading to 393.43p. Shawbrook kicked off its London Stock Exchange float targeting a valuation just shy of £2bn with a listing price of 370p. “We [...]
Monzo names new chief as London becomes top IPO choice Fintech Digital banking giant Monzo has tapped an Astrazeneca board member as its new chief executive as the firm lays the ground for a blockbuster public listing. The London-based fintech is set to replace TS Anil, who has led the bank for the last five years, with Diana Layfield. Anil will step down as part of [...]
Peel Hunt boss renews calls for tax cuts to rescue ailing public markets Markets The boss of City broker Peel Hunt has called for a raft of fresh tax cuts for London’s stock market to help stem the flood of delistings and end the dearth of flotations. CEO Steven Fine called for stamp duty on share trades to be abolished in a bid to help “shift this doomloop of [...]
Financial Conduct Authority plans to ‘put public back in IPO’ May 13, 2025 After a torrid few years for the London Stock Exchange, the Financial Conduct Authority is opening new avenues to boost initial public offerings (IPOs). The City regulator told industry stakeholders at the London Stock Exchange’s annual IPO Forum last week, it would “put the P back into IPO,” sources attending the event told City AM. [...]
Can AIM deliver? Here’s a compelling test case August 13, 2024 As the London Stock Exchange's younger brother continues to struggle, a new energy firm provides a litmus test on how well AIM can deliver on its raison d’etre, writes Keith Boyfield
Computer-maker Raspberry Pi gears up for London Stock Exchange float next week June 3, 2024 Computer-maker Raspberry Pi is set to raise £157m in a hotly anticipated IPO in London this month, in what will be a boon to the London Stock Exchange after a barren period for new tech listings.
Goldman Sachs beats expectations as investment bank shows signs of recovery April 15, 2024 A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.