The decision by EasyJet to restrict investor access to its forthcoming IPO is a significant move in the aerospace sector, but is unlikely to spark a trend in other areas, such as telecoms, say analysts.

The budget airline plans to float around 25% of its company over the next few months, but Stelios Haji-Ioannou, EasyJet's owner, says the company will only be offering its shares to institutional investors, shutting the door on any potential retail buyers.