IPOs

Floating away: London battles to get its mojo back

The City is in the midst of a two-decade low for listings. FN talks to exchange bosses to find out why — and whether efforts to improve things will work

Can London listings take flight again?
Can London listings take flight again?

When UK chip-designer Arm’s stock price surged 25% on the first day of trading after its bumper $5.2bn IPO on 14 September, it could have been the City toasting its success.

Instead, the spoils went to Wall Street. Arm and a flurry of other internationally focused UK companies have chosen New York over London to list in recent months, highlighting the ongoing challenges facing the UK’s capital markets.

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