In 2021, Deliveroo, an online food delivery company, raised the most money among tech IPO listings on the London Stock Exchange (LSE), with *** billion British pounds. The following largest tech IPO listings on the LSE were Alphawave IP, a semiconductor company, and Trustpilot, an online consumer review platform, with *** million and *** million British pounds respectively.
In 2021, initial public offerings (IPOs) in the financial sector accounted for *********** of the total IPOs on the London Stock Excahnge (LSE), accounting for nearly ********** of the total. Companies in the technology sector accounted for ** percent of total IPOs in the United Kingdom.
More IPOs were listed on the London Stock Exchange in the last quarter of 2021 than in any other quarter since early 2016. Between October and December 2021, a total of ** IPOs occurred in the United Kingdom. An initial public offering (IPO) is the first time that a company's stock is sold to the public in the organized capital market.
The number of initial public offerings (IPOs) on the London Stock Exchange fluctuated significantly between 2010 and 2025. The number of IPOs reached a total of *** in 2021, the second-highest figure recorded since a peak of *** in 2014. However, it witnessed a significant decline in the following years, with only ** IPOs recorded in 2024. As of March 2025, the number further decreased to *, indicating a similar trend when compared to the previous year.
Betweeen 2017 and 2021, the highest number of tech IPOs on the London Stock Exchange (LSE) took place in 2021, with a total of ** listings. In the last three quarters of 2021, eight tech IPOs were listed in each quarter, a figure previously reached only during the second quarter of 2018.
In 2021, the combined value of initial public offerings (IPOs) on the London Stock Exchange (LSE) of companies operating in the financial sector reached over ************* British pounds, making it the leading on the LSE. IPOs of companies in the consumer discretionary sector also exceeded ************* British pounds in 2021. On the other hand, utilities companies' IPOs reached ************* Britihs pounds.
In all four quarters of 2021, tech IPO listings on the London Stock Exchange (LSE) raised the most money compared to the previous four years. In the second quarter of 2021, the total money raised from tech IPOs was over *** billion British pounds and more than double the amount raised in the previous quarter.
In 2021, a total number of ** IPOs worth more than ** million British pounds recorded in the UK, which was higher than the previous six years. The highest number of IPO deals exceeding ** million British pounds took place in 2014, with ** deals.
In 2024, post-IPO performances on the London Stock Exchange (LSE) varied greatly. With a *** percent increase in share prices, Rosebank Industries was the leading company in terms of performance. On the other hand, with a ** percent reduction in share prices, GenIP showed the weakest post-IPO performance.
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Companies in the Investment Banking industry provide financial advisory services, offering their insight on IPOs, M&As and equity and debt security underwriting activity. Competition has been fierce in recent years, with a flood of boutique firms entering the industry as bankers look for healthier rewards than those offered by the more regulated larger investment banks. Growing M&A and IPO activity before 2022-23 ramped up demand for investment banking services, although this momentum lost speed in 2022-23 as access to cheap capital ended. Revenue is expected to contract at a compound annual rate of 8.1% over the five years through 2025-26 to £8 billion, including an expected drop of 0.5% in 2025-26. Profit is also expected to edge downwards in 2025, though it remains high. Capital market activity surged at the height of the COVID-19 pandemic, lifting demand for investment banking services as governments and large international businesses across the world raised capital to fund fiscal stimuli and maintain cash flow levels. The boom in debt and equity markets showed no sign of slowing the next year, with IPO and M&A activity reaching record levels in 2021-22, driving demand for investment bankers’ services. However, in the two years through 2023-24, M&A activity plummeted thanks to rising interest rates, mounting geopolitical tensions and a gloomy economic outlook, which put companies off from seeking takeovers. In 2024-25, M&A activity fared better than IPOs, welcoming improvements in consumer confidence amid interest rate cuts, aiding revenue growth. However, IPOs continued on their downward trajectory as geopolitical uncertainty and high interest rates resulted in many companies delaying listings. Over 2025-26, M&A activity is forecast to continue to climb, but IPO activity may stall as Trump's tariff announcements erode investor sentiment, weighing on revenue growth. Revenue is anticipated to grow at a compound annual rate of 4.5% over the five years through 2030-31 to £10 billion. Deal activity is set to build as lower interest rates make leveraged transactions more attractive. Competition will remain fierce, driving technological innovation as investment banks try to improve decision-making processes and scale operations through the use of AI. Still, strong competition from overseas exchanges, like the S&P 500 in the US, will dent UK IPO activity in the coming years as companies move away from UK listings and the lacklustre valuations they offer, weighing on revenue growth.
As of January 2022, Parsley Box, launched on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) in March 2021, was the worst performing company since its initial public offering (IPO). The company's stock lost approximately ** percent of its value since its IPO. Second in the ranking of the ** worst performing IPOs in 2021 was Cizzle Biotechnology, listed on the UK Main Market of the LSE in May 2021, which, as of January 2022, lost ** percent compared to its IPO value.
In 2021, fully underwritten initial public offerings (IPOs) as a percentage of total deals in the United Kingdom was higher than in the previous year. Around **** percent of IPO deals were fully underwritten in 2021. The highest share of fully underwritten IPOs out of total deals was in 2019, with **** percent.
In total, the number of initial public offerings (IPOs) on the London Stock Exchange (LSE) in 2024 was **, less than the number of IPOs of 2023. Among these, more than half of the IPOs took place on the alternative investment market (AIM).
The total value of initial public offerings (IPOs) on the London stock exchange's main market and alternative investment market (AIM) fluctuated significantly between 2019 and 2022. During 2021, both the main market and the alternative investment market (AIM) reached new heights, with IPOs reaching a combined value of over ** billion and over ***** billion British pounds, respectively.
Between 2017 and 2021, average duration of IPO transactions was the shortest in 2021, with nearly ** days. On the other hand, with around **** days, the longest average IPO duration was in 2020.
As of December 2024, ******************* was the best performing company of the year since its initial public offering (IPO). The company's stock value increased dramatically since its IPO, growing *** percent throughout the year. Second in the ranking of the best performing IPOs in 2023 was ************, gaining *** percent since its IPO.
The size of initial public offerings (IPOs) on the London Stock Exchange fluctuated significantly between 2015 and 2024. The value of IPOs recorded the lowest value, with less than *********** euros, in 2024, a dramatic decrease compared to 2021, which, on the other hand, recorded the highest value throughout the period considered.
Between July 2021 and April 2022, New Energy One Acquisition Corporation was the largest special acquisiton company (SPAC) on the London Stock Exchange (LSE) in terms of value, with *** million British pounds. The second largest SPAC listed on the LSE was Financial Acquisition Corp, with a SPAC size of *** million British pounds.
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In 2021, Deliveroo, an online food delivery company, raised the most money among tech IPO listings on the London Stock Exchange (LSE), with *** billion British pounds. The following largest tech IPO listings on the LSE were Alphawave IP, a semiconductor company, and Trustpilot, an online consumer review platform, with *** million and *** million British pounds respectively.