London Stock Exchange Sees Mini-Revival in New Listings, Relief for Reeves
A welcome trend has emerged on London's stock market listings this year, with a modest pick-up in activity in the second half of 2025, according to data from Dealogic. The news is a relief for both the London Stock Exchange and Chancellor Rachel Reeves, who has been trying to promote equities as an attractive investment option.
The mini-revival comes after a dry spell, with fundraisings from flotations - or initial public offerings (IPOs) - at their lowest since 2022. However, the second half of the year saw a notable uptick in activity, albeit still below levels seen in 2021, when it was one of the strongest years for listings.
The first few new arrivals to the market have been largely mid-sized companies and private equity-backed firms, including Princes Group, a £1.2 billion tinned tuna maker that raised £400 million, and Shawbrook, a specialist lender. While not all newcomers are household names, several have shown promise, with Fermi, a US-based data centre real estate group, being the largest IPO of the year.
The London Stock Exchange is keen to portray this as a turning point, with its CEO Julia Hoggett arguing that many companies are actively preparing for a listing in London next year. She suggests that share prices have become high enough to encourage owners to cash in, and that private equity funds may be looking for more traditional exits on the stock market.
Several big-name IPOs are already in the pipeline, including Oslo-based Visma, one of Europe's biggest software companies, which is worth at least €20 billion (£17.5 billion). Other possibilities include IVC Evidensia, a veterinary group with operations in 19 countries, and fintech payments platform Ebury.
While some may see this as a minor improvement, it's still welcome news for the IPO market, which has been struggling to gain traction. Chancellor Reeves' post-IPO stamp duty holiday is likely just a drop in the bucket, but it could be a useful PR boost if the market starts to heat up.
As one broker noted, "We have seen confidence gradually grow with IPO issuers, who have been encouraged by the activity that has come to market." However, London still needs an injection of freshness, and more companies need to follow in Visma's footsteps. The question now is whether this mini-pick-up can sustain itself and lead to a more robust IPO market in the long term.
A welcome trend has emerged on London's stock market listings this year, with a modest pick-up in activity in the second half of 2025, according to data from Dealogic. The news is a relief for both the London Stock Exchange and Chancellor Rachel Reeves, who has been trying to promote equities as an attractive investment option.
The mini-revival comes after a dry spell, with fundraisings from flotations - or initial public offerings (IPOs) - at their lowest since 2022. However, the second half of the year saw a notable uptick in activity, albeit still below levels seen in 2021, when it was one of the strongest years for listings.
The first few new arrivals to the market have been largely mid-sized companies and private equity-backed firms, including Princes Group, a £1.2 billion tinned tuna maker that raised £400 million, and Shawbrook, a specialist lender. While not all newcomers are household names, several have shown promise, with Fermi, a US-based data centre real estate group, being the largest IPO of the year.
The London Stock Exchange is keen to portray this as a turning point, with its CEO Julia Hoggett arguing that many companies are actively preparing for a listing in London next year. She suggests that share prices have become high enough to encourage owners to cash in, and that private equity funds may be looking for more traditional exits on the stock market.
Several big-name IPOs are already in the pipeline, including Oslo-based Visma, one of Europe's biggest software companies, which is worth at least €20 billion (£17.5 billion). Other possibilities include IVC Evidensia, a veterinary group with operations in 19 countries, and fintech payments platform Ebury.
While some may see this as a minor improvement, it's still welcome news for the IPO market, which has been struggling to gain traction. Chancellor Reeves' post-IPO stamp duty holiday is likely just a drop in the bucket, but it could be a useful PR boost if the market starts to heat up.
As one broker noted, "We have seen confidence gradually grow with IPO issuers, who have been encouraged by the activity that has come to market." However, London still needs an injection of freshness, and more companies need to follow in Visma's footsteps. The question now is whether this mini-pick-up can sustain itself and lead to a more robust IPO market in the long term.
still way below 2021 numbers which were pretty fire 
at least fermi data centre group made a big splash with its €400m ipo, but what's next? 
is it gonna be more mid-sized companies and private equity-backed firms or some actual household names 
I'm loving this tiny but much-needed spark on the London Stock Exchange front! 2022 was brutal for listings, so any revival is a win in my book 
. Mid-sized companies & private equity-backed firms leading the charge is a good sign, as it means more diverse interests are joining the party 
. But let's be real, €20 BILLION worth of Visma just dropped into the ring 
- that's gonna bring some serious FOMO to the table! 
I'd love to see more big-name IPOs in the pipeline, and a longer-term commitment from companies & investors alike 
. Now let's see if this mini-revival can build steam and turn into something bigger... 
. I mean, it's been pretty quiet for a while now, but this mini-revival is just what they needed to shake things up 
. It's not like a full-on explosion or anything, but hey, every little bit counts, right? 
but seriously, visma's IPO is lookin like a big deal, and i hope more companies follow suit 
chancellor reeves' stamp duty holiday might just be the nudge it needs 
fintech payments platform ebury is another one to watch 
and if we dont see more mid-sized companies and private equity-backed firms comin in, then im not sure whats the point 
but hey, a mini-pick-up in listings is better than nothin' 
so lets keep an eye on this and see how things play out 
. can't wait to see if this mini-pick-up turns into something bigger 
chancellor reeves' stamp duty holiday might not be the game-changer we need but it's a start 
.
. Princes Group and Shawbrook are already making waves with those £400 million fundraisings 
.
. Fingers crossed that this is the start of something amazing! 
and london stock exchange listings kinda got me thinking, what's the deal with flotations? i mean, aren't they like, super complicated? anyway, it's always exciting when new companies join the market, especially ones that are into tinned tuna 
. fermi's data centre real estate group sounds pretty cool, but i'm more of a private equity backed firms kinda guy myself 
. We need more than just a few mid-sized companies and private equity-backed firms to start seeing some real growth in the IPO market 
I think so, but hey, at least we're seeing some signs of life