Despite the Deliveroo flop, the UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings.
London achieved its strongest IPO showing in the first quarter in 14 years, the consultancy EY said, with more funds raised in the first three months of this year than in any other first quarter since 2007.
The £5.6bn in total funds raised was the most in a single quarter since 2014, with internet retailer Moonpig, Danish online review site Trustpilot and fashion retailer Dr Martens leading the charge.
You’ve got this pent-up activity that s still coming to the fore.
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Darktrace, which uses AI to detect and respond to cyber threats, has adopted a more cautious approach accordingly, targeting a conservative valuation of up to £1.9bn for its flotation on the LSE s premium segment in what chief executive Poppy Gustafsson described as a “historic moment for the UK s thriving technology sector”.
With the books for the Darktrace listing reportedly covered on the first day of the roadshow, it s another sign of Britain s flourishing IPO market.
The UK is on track for its strongest-ever annual performance for IPOs, as pent-up demand during the Covid-19 pandemic and optimism around vaccinations drive the surge in listings.
Ex Post Office boss quits over scandal that saw Bransholme subpostmaster wrongly jailed
39 subpostmasters convictions were overturned in total
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Former Post Office chief executive Paula Vennells has quit her role as a non-executive director of Morrisons and Dunelm just days after the convictions of 39 subpostmasters were overturned.
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