Britain’s fintech firms are expecting growth to rocket over the next three years March 21, 2018 UK fintech firms expect higher than average growth over the next few years as London remains a top destination for business. UK-based financial technology firms expect 88 per cent growth over the next three years, topping the average country's expectations, according to a global fintech survey by theLondon Stock Exchange Group and TheCityUK. Only Germany [...]
Bitcoin futures being considered by Deutsche Boerse after Chicago success December 14, 2017 The operator of the German stock exchange could be the next to launch a bitcoin futures after their success on the Chicago exchange. A spokesperson for Deutsche Boerse told German media: “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of [...]
London on Saudi Aramco listing shortlist along with Hong Kong and New York say reports January 11, 2018 London has made it onto the shortlist for potential listing venues for Saudi Aramco, as the state-backed oil giant looks to list in late 2018, according to reports. New York and Hong Kong are also on the shortlist, with a dual- or even triple-listing on the cards, according to Reuters. Saudi Arabia’s Tadawul exchange will [...]
It looks like Snapchat will IPO on the NYSE January 30, 2017 Snapchat parent company Snap has chosen the New York Stock Exchange for its hotly-anticipated IPO, CNBC is reporting. The NYSE triumphed in the battle with Nasdaq for the hottest tech float in quite some time. Snap is expected to file publicly for the IPO as soon as this week, Recode has reported, going public as early as March. [...]
City watchdog seeks to reassure big investors on Saudi Aramco float ahead of crown prince’s UK visit March 6, 2018 The City watchdog is seeking to mollify institutional investors who have expressed serious concerns over plans to make it easier for the oil major Saudi Aramco to list in the UK ahead of a visit to the capital by Middle East nation’s powerful crown prince. The Financial Conduct Authority (FCA) last month met bosses from [...]
Deliveroo IPO could be on menu with star tech startup said to be eyeing 2019 float February 11, 2018 An IPO could be on the menu for one of the UK's most high profile and fastest growing tech startups. Deliveroo has appointed PwC to evaluate is strategic options, the Sunday Times reports, with a float in either London or New York being considered for 2019. Founder Will Shu, formerly an investment banker, has previously [...]
Twitter divebombs despite Trump bump: Shares in the tech giant plummet as losses hit $167m February 10, 2017 Twitter's slowest reported growth since going public wiped over a billion dollars off its value yesterday, with shares in the tech giant diving more than 12 per cent by the close of trading last night. The company’s poor performance does not appear to have been helped by outspoken and controversial US President Donald Trump, who is [...]
Snap Inc’s share price is tumbling further as blockbuster IPO gains disappear March 8, 2017 Shares in Snap, the social media phenomenon that last week became the darling of the New York Stock Exchange, tumbled further at the open of US markets on Tuesday, falling a further 10 per cent to a fresh low of $21.30. Stock in the star tech company fell back down to earth yesterday, wiping nearly [...]
Square, Twitter chief exec Jack Dorsey’s payments company, is coming to the UK March 28, 2017 Jack Dorsey’s payments company Square is launching in the UK to kick off European expansion plans. It’s the fifth market for the New York Stock Exchange-listed tech company and the first in Europe after the US, Canada, Japan and Australia. Square’s launch here has been anticipated since last year, when it was first revealed it [...]
Snap has officially made public its filings for an IPO, and its warning investors about the impact of Brexit February 2, 2017 Snap, owner of messaging platform Snapchat, has finally made public its filing for an initial public offering (IPO). The company made many of its financial details public for the first time tonight as it prepares for a $3bn (£2.4bn) float. With a valuation of between $20bn and $25bn Snap could be going public as soon as [...]