Weekend read: The SPAC bubble is bursting, argues Syz Bank’s investment chief June 11, 2022 With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception. As a reminder, a SPAC, or Special Purpose Acquisition Company, is a company with no operational activity – an empty shell – that raises funds on the stock market with the sole objective of making an acquisition or acquisitions. [...]
Mishcon de Reya delays IPO for the ‘foreseeable future’ June 8, 2022 London law firm Mishcon de Reya has put its plans to float on the stock exchange on hold, after saying it plans to set them aside for the “foreseeable future”. The Silver Circle firm said it had decided to scrap its plans for an initial public offering (IPO) due to current “market conditions”. In a [...]
Exclusive: UK median share price on LSE races past US stocks with energy firms performing worst after public listing June 6, 2022 IPOs are an exciting prospect for investors, as companies with strong potential are key to any investment strategy or as an attribute to a portfolio. However, the turbulent stock exchange market means that investors need to be very aware of where IPOs are launching and where they are likely to perform best to avoid an [...]
Western IPOs plummet in value as war in Ukraine triggers volatile conditions for businesses June 6, 2022 The value of US and European IPOs has tumbled 90 per cent this year amid conflict in Ukraine, with rising inflation and interest rates.
Exclusive: FCA not ‘selling out’ on premium listings, which could spur biotech sector, argues City lawyer May 31, 2022 The FCA’s proposed reforms to the UK’s listing regime, published last week, could help spur the biotech and technology sectors, a senior City lawyer has told City A.M. In the plans, the FCA has outlined how it plans to make the rules companies must follow in order to be allowed to list their shares in the [...]
FCA pushes for reform of London’s listing regime in an attempt to boost growth: ‘A radical set of changes’ May 26, 2022 The City watchdog has outlined plans to reshape the two-tier structure of the London Stock Exchange’s main market today in a bid to simplify listing rules and tempt more fast-growth tech firms to come to market. The Financial Conduct Authority revealed proposals to do-away with the current split between a higher “premium” tier of the [...]
High flying insurance duo plan £150m SPAC IPO on London Stock Exchange March 31, 2022 Insurance industry veterans Will Allen and Andy Rear are planning to raise £150m through the launch of a new special purpose acquisition company (SPAC) in the coming days. The prominent duo plan to list a shell company called FINSAC on the London Stock Exchange (LSE) with a view merging with a leading name insurance technology [...]
Oxford Nanopore Technology has spike in revenue but losses up more than £100m March 22, 2022 A UK-based technology research firm has had spike in revenue by £30m, but an almost £100m loss from 2020. Oxford Nanopore Technologies, which develops state-of-the-art technology to analyse individual molecules, increased its intake to £134m in 2021, up from £114m. The company’s gross profit was up from 41 per cent to almost 55 per cent, [...]
UK tech IPOs raise record £6.6bn last year doubling 2020 figures January 31, 2022 UK tech IPOs raise record £6.6bn last year doubling 2020 figures
London Stock Exchange raises nearly £17bn in highest IPO funding since 2007 December 29, 2021 London Stock Exchange (LSE) companies have raised the most IPO funding in one year than in the last 14 years. Combined the 122 companies listed on the LSE raised over £16.8bn in 2021 – beating competition from the top exchange in Europe and raising the most equity outside of the US and China. The LSE’s [...]