Deep Dive: Can the UK be an IPO hub?

Valuation and SME dilemma

Cristian Angeloni
clock • 4 min read

The state of UK capital markets has been described as “significantly concerning” by several industry players, damaging the country’s attractiveness and its ability to raise capital.

Interest in UK public markets has been waning over the last few years, with domestic interest continuously decreasing and initial public offerings drying up. Earlier this year, 2023's biggest UK IPO, CAB Payments, showed promise when it listed in July, with a market capitalisation of £851m, raising £335m from investors. Investors accuse CAB Payments of limited risk disclosure in IPO prospectus But since listing, its share price has dropped around 81%, from 303 pence to 57.6 pence as of 13 December, according to data from the London Stock Exchange. Simon Rafferty and Sunil Dhall,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

BlackRock plans to cut 3% of global workforce - reports

Entering a more ‘mature’ business phase

Valeria Martinez
clock 09 January 2024 • 1 min read
Jupiter CEO Matthew Beesley

Jupiter suffers higher than anticipated outflows of £2.2bn

Weaker than anticipated retail sentiment

Cristian Angeloni
clock 09 January 2024 • 2 min read
The interim dividend will be paid on 26 January.

Foresight increases dividend as funds under management stagnates

Interim dividend of 6.7 pence

James Baxter-Derrington
clock 09 January 2024 • 1 min read
Trustpilot