Upcoming floats to boost London after tough 2024
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The London Stock Exchange is expected to receive a much-needed boost in the first half of this year as firms list after a drought of floats in 2024. Analysts at consulting giant EY said there were signs of 'cautious optimism' for 2025 thanks to a 'robust pipeline of deals' which could drive a 'rebound in activity.'.
A key upcoming listing is fast fashion giant Shein, which is looking to float on the UK stock market in the first three months of the year and is expected to fetch a value of around £50billion. Scott McCubbin, EY's UKI IPO leader, said: 'A stabilised domestic policy environment post-election, robust pipeline of deals and listings reform are creating opportunities to restore London's competitiveness.
'While London faces strong competition from other financial centres, its unique strengths – including a global reputation for financial expertise – remain competitive advantages.'. The analysis will provide relief to stock market bosses after the LSE was battered by a lack of listings and the defection of several firms to other exchanges.
Boost: The analysis will provide relief to stock market bosses after the LSE was battered by a lack of listings and the defection of several firms to other exchanges. EY's data showed 18 companies debuted in London last year, the fewest since it began keeping records in 2010. Of these, eight occurred in the final three months of 2024, including film production group Canal+.
