London IPOs record best start in seven years July 2, 2021 Floatations and fundraisings in the City recorded their best start in seven years, according to figures published today. Total equity raised in London topped £27bn in the first six months of this year, driven by strong investor appetite for high-profile listings such as software firm Darktrace. 49 IPOs raised over £9bn in the first six months [...]
Exclusive: Medical cannabis company chaired by former Lord Mayor of London to float on LSE May 12, 2021 Hellenic Dynamics, a medical cannabis cultivation business, plans to list on the London Stock Exchange next month, in a move likely to give the budding business a valuation of £50m. The group will list on the main market of the London Stock Exchange via reverse takeover into a shell company. “What we were looking for [...]
Used car firm Cazoo sees revenue surge fivefold May 18, 2021 Used car firm Cazoo today said that its revenue grew nearly fivefold in the first quarter as the online dealership continues its rapid expansion. The company, which was set up in 2018, said that revenue in the first period was £113.9m, compared with £19.6m last year. The increase is the result of the firm selling [...]
City hails ‘critically important’ reform as FCA looks to revive IPO market July 29, 2024 Leading City figures have hailed the Financial Conduct Authority's shake-up of the UK's prospectus regime and listings rules, calling the red tape-slashing proposals "critically important" if the UK is to become "match fit".
Ready meal firm Parsley Box raises £17m ahead of London listing March 26, 2021 Parsley Box has raised £17m through an initial public offering (IPO), which will value the ready meal delivery firm at £84m. The Edinburgh-based company, which targets the “baby boomer” generation, this morning announced its proposed admission to trading on London Stock Exchange’s AIM market. It raised gross proceeds of around £17m – comprising £5m for [...]
BT’s boss buys £2m of shares one day after major investment push May 17, 2021 The boss of BT has bought more than £2 million of shares in his own company, just a day after announcing a major new investment drive. Chief executive Philip Jansen bought 1.25 million shares at £1.63 each, according to new filings with the London Stock Exchange. The purchase on Friday came the day after Jansen [...]
Beeks: Financial cloud firm swings to profit amid ‘stronger than ever’ demand October 7, 2024 Scottish financial cloud computing firm Beeks has swung to an annual profit as it reported "stronger than ever" demand for its products.
London-listed Diversified Energy woes continue following methane probe December 20, 2023 Congress has questioned the energy security of Diversified's 70,000 U.S well portfolio
Pensionbee valued at £365m ahead of London IPO April 21, 2021 Pensionbee has priced its IPO at 165 pence per share valuing the company at £365m ahead of its listing this month. The pension consolidation business is set to join the high growth segment of the London Stock Exchange. Last week it announced an offer price range of between 155p and 175p per share. The offer [...]
Flutter US rally continues as it moves HQ from London to New York May 14, 2024 In May, shareholders voted to move Flutter's primary listing to the US, with boss Peter Jackson calling it a "natural home" for the group.