Raspberry Pi eyes £409m London IPO and says need for US float is ‘overblown’ October 8, 2023 Raspberry Pi, which makes beginner-friendly coding computers, is exploring a potential London float, which could see the company valued at over £409m.
Arm Mk 2: Another British tech firm snubs London for New York float September 17, 2023 Imagination, which licences designs to companies including Apple, has quietly registered for a public listing in New York
Marex profit leaps after ED&F acquisition as expansion plans reap rewards August 22, 2023 London-based commodities broker Marex Group more than doubled its pretax profit in the first half of the year as it reaped the rewards from its expansion plans. Total trades completed climbed 166 per cent to 59m while the number of contracts cleared tripled to 312m. This helped revenue climb 86 per cent in the period [...]
SoftBank aiming to buy back Arm stake ahead of high-stakes New York IPO August 14, 2023 SoftBank is reportedly in talks to buy back the remaining 25 per cent stake in Cambridge-based chip designer Arm its own investment unit established in 2017. In a strategic move ahead of Arm’s impending float in New York, Japanese tech company SoftBank is looking to regain Vision Fund’s quarter stake in order to fully own [...]
How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
The Square Mile and Me: Dan Howe on the Jugged Hare and his first IPO celebration April 13, 2023 Where we ask the big questions of the City’s big names. This week, Janus Henderson’s head of investment trusts Dan Howe tells us about the Jugged Hare and his first IPO celebration What was your first job?I had the dream first job – as a lifelong watersports enthusiast, my first job was driving the chase [...]
Gary Neville’s content company Buzz16 gets ‘multi-million pound investment’ as it looks at £200m IPO February 27, 2023 Miroma Group has acquired a majority stake in Gary Neville’s content company Buzz16, which is now planning a £200m plus IPO. Buzz16 was launched by the former footballer and current Sky Sports presenter in 2016. The exact amount Miroma paid for its share has not been disclosed but it said the “multi-million pound investment”, “solidifies” [...]
Big Four look to hire London’s laid-off bankers to bolster their M&A teams February 6, 2023 The Big Four accounting firms – Deloitte, EY, KPMG and PwC – are seeking to hire laid-off bankers to bolster the ranks of their M&A advisory arms in the City. Top execs told City A.M. the world’s biggest professional services firms are seeking to capitalise on the downturn in big M&A deals by poaching talent [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]