Listing bonanza: Here are the IPOs to watch out for this year June 16, 2021 Building on the momentum seen towards the end of last year, IPO activity in London is surging so far this year. However, Deliveroo’s recent IPO flop demonstrates that success is far from guaranteed. City A.M. compiled an overview of the UK, US and international IPO contenders to watch this year as the global economy recovers. [...]
THG boss to surrender ‘golden share’ after share price collapse October 17, 2021 Matthew Moulding, the founder of The Hut Group (THG), is poised to ditch his controversial “golden share” in the company in a bid to regain investor confidence after a shareholder presentation backfired last week and caused the group to lose a third of its value. Shares in UK e-commerce business THG, which owns brands such [...]
Dija acquires Genie in bid to expand 10-minute delivery service March 17, 2021 London-based grocery delivery startup Dija has acquired Cambridge startup Genie as it expands its service across the UK. Dija, which was founded by former Deliveroo executives, launched earlier this month and promises to deliver groceries within 10 minutes. It is the latest player to join the ever-expanding food delivery space and already has four warehouse [...]
‘You adapt quickly in a disaster’: FinnCap boss Sam Smith on the broker’s strong year April 19, 2021 Stockbroker FinnCap has enjoyed an unexpectedly strong year as capital markets started to rebound and business confidence triggered a flurry of IPOs in London. Chief executive and founder Sam Smith spoke to City A.M. about how she steered the ship and what lies ahead for the IPO market this year. Initial panic The AIM specialist [...]
Trustpilot aims for £1bn valuation in upcoming London IPO March 8, 2021 Consumer review service Trustpilot is aiming to bag a £1bn listing when it lists its shares in London later this month, after it secured $240m through the initial public offering. The Danish company confirmed its intention to float on the London Stock Exchange earlier this month, following $240m commitments from investors including Fidelity, Adelphi, BlackRock and [...]
Cyber firm Darktrace confirms plans for London float in early May April 19, 2021 UK cybersecurity company Darktrace today confirmed it will float on the London Stock Exchange in the coming weeks as it looks to build on a successful pandemic year. The firm’s offer price will be determined following a book-building process, with the listing expected to take place early next month. The company is understood to be [...]
Terrific Thursday for London IPO market as Wise, Victorian Plumbing, Seraphine, Poolbeg and Voyager Life confirm plans to float June 17, 2021 Fintech firm Wise, bathroom retailer Victorian Plumbing; high end maternity retailer Seraphine, favoured by the Duchess of Cambridge; Dublin-based drug maker Poolbeg and cannabidiol products supplier Voyager Life all revealed plans to float today. Money transfer firm Wise said this morning to join the London Stock Exchange in what could be the biggest UK listing [...]
The City View podcast with Tim Ashley April 6, 2021 In this episode Andy Silvester talks to asset manager Tim Ashley – but rather than funds, it’s whisky that Tim manages. He’s a Director at VCL Vintners, who’ve turned whisky collecting into smart investment. Andy also speaks to Hargreaves Lansdown’s Susannah Streeter about big news from both Deliveroo and Next. Read more: Andy Silvester sits [...]
The turf wars for on-demand delivery won’t be won with a fast and dirty business model May 8, 2021 Getir, Dijia, Weezy, Zapp and Fancy. There is a handful of the new on-demand grocery delivery apps that have flooded London’s streets over the last few months. Behind each of them is a fierce turf war for customers, as they try and capitalise on the now ubiquitous presence of food delivery. The surge of grocery [...]
Nobu and Hakkasan delivery app Supper to raise £5m to expand high-end restaurant platform across London April 6, 2021 Premium London restaurant delivery app Supper, which counts Nobu, Hakkasan, Zuma and Hide among its clients, has launched a £5m funding round to expand across the capital. The takeaway platform, which has described itself as the “Michelin star Deliveroo”, will raise £1.5m through private equity investment firm Growthdeck as part of the fundraise. Supper, which [...]