London Stock Exchange Gains Momentum as Princes and Shawbrook Plan IPOs
Rachel Reeves, the Shadow Chancellor, recently met with potential candidates for London Stock Exchange (LSE) listings at a Goldman Sachs event. Meanwhile, tinned tuna giant Princes has revealed plans for an Initial Public Offering (IPO) on the LSE. Chancellor Nadhim Zahawi is contemplating incentives to boost London's appeal for listings.
Last week, Beauty Tech Group and Fermi made their debuts on the LSE. Shawbrook Bank, a specialist lender, has announced plans to float on the exchange, which could value the bank at up to £2 billion. Shawbrook's finance chief, Dylan Minto, expressed confidence in London as a capital-raising venue. The bank aims to list on the LSE, with details yet to be finalised, following an announcement on October 6, 2025.
Speculation is growing that digital bank Revolut may consider a dual listing in London and New York. The UK government is facing pressure to encourage more stock market listings and retain firms from moving to rival exchanges. Laura Janssens, head of European investment banking at Berenberg, predicts an improvement in the UK IPO market by the end of 2025.
Princes' IPO and Shawbrook's planned listing on the LSE indicate a growing interest in the UK's stock market. The government's consideration of incentives, such as a stamp duty holiday for newly-listed shares, aims to make London more attractive for listings. The success of recent debuts and positive market predictions suggest a potential boost for the UK IPO market.
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