In 2023, the global IPO market experienced a relatively quiet year. However, recent research conducted by Ledgy, an equity management platform, has revealed a surprising trend among UK tech companies regarding their Initial Public Offering (IPO) preferences.
Despite facing challenging conditions in the London Stock Exchange (LSE), a significant majority of these companies are showing a preference for listing in the UK.
In fact, PwC UK’s Global IPO Watch report for 2024 also shows a cautiously optimistic outlook for IPOs in the coming year. The report predicts a general increase in economic confidence and a backlog of demand for exits, meaning it could be an exciting year for Western IPO markets.
London Stock Exchange’s Challenging Year
The LSE has experienced a difficult period over the last year, recording the lowest number of new IPOs since the financial crisis of 2008-09.
This caused UK-listed companies such as CRH and Marex to list shares in the US instead. This trend has raised concerns about the future of the LSE and the UK’s attractiveness as an IPO…
