Anthropic reveals $80bn loss as AI giant files for blockbuster IPO Tech Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its [...]
Plus500 finance chief says US listing ‘always on table’ Fintech The finance boss of Plus500 has said a US listing is “always on the table” as the fintech firm turns to North America for its next phase of growth. Elad Even-Chen, chief financial officer at Plus500, told City AM: “We always keep assessing all the opportunities. It’s our duty as a public company.” “It’s something [...]
Microsoft pulls out of Nscale deal for UK’s largest AI data centre Tech Microsoft has pulled out of plans to build the UK’s largest AI data centre in a deal with Nscale. The global tech giant, which had previously planned to fund a supercomputer at the site, has ended its involvement in the partnership following concerns over supply issues. Plans were first announced last year, with Nscale pledging [...]
Plus500’s super-app ambitions risk re-telling a familiar London story October 14, 2026 Plus500 laid out plans for a super-app across the Atlantic, in this week’s column Samuel Norman looks at how it could frame their future. Also on the agenda, Healey continues pre-Budget summits and does anyone still care about the digital pound? Is a London-listed fintech turning to the US for its monumental ‘super-app’ a point [...]
City minister insists capital markets reform ‘not a job done’ October 11, 2026 A top Treasury minister has opened the door to further capital markets reforms after saying the government’s job was not done in improving listing incentives. Lucy Rigby, who serves as the economic secretary to the Treasury, otherwise known as City minister, told City AM the government was “continually looking for ways that we can ensure [...]
Airtel Money listing shows London is still one of the best places to grow a company October 9, 2026 Airtel Money chief Ian Ferrao put it best: "when you look at all of the variables, London still comes out top”, writes Lucy Rigby.
Revolut boss says US primary listing was ‘always the target’ October 9, 2026 The boss of Revolut has said a primary listing in New York was “always” the company’s top goal, in a snub to the London Stock Exchange after a years-long charm offensive. Nik Storonsky, the founder and chief executive of Revolut, said a primary listing in the US was “always the target, given the deep liquidity [...]
‘We prefer the US’: Revolut’s Storonksy confirms plan for dual US-UK listing September 17, 2026 Revolut founder Nik Storonsky has confirmed that the bank is exploring a dual listing in New York and London, adding that he “prefers” the US market. The chief executive of the UK’s biggest fintech said he could not afford to miss out on a US listing, because the American market offers better upsides than London, [...]
OpenAI delays IPO as Altman says safety comes first September 13, 2026 OpenAI has pushed back plans for a mega stock market debut as boss Sam Altman said the company needed to focus on AI safety before opening itself up to public investors. Altman said OpenAI would not float in 2026, telling Fortune there was still “a lot of stuff to do” around safety, alignment and how [...]
Shein shapes up for cut-price IPO as dominance slows August 31, 2026 Shein will list in Hong Kong this week in a cut-price initial public offering following two previous failed attempts in London and New York. The Chinese retailer will begin trading in Hong Kong on Tuesday in a debut set to value the firm at around $27bn (£19.8bn), about a quarter of its highest private-market valuation. [...]