Wise IPO tops growing list of London tech listings - News Summed Up

Wise IPO tops growing list of London tech listings


Money transfer firm Wise’s blockbuster near-£8 billion flotation has broken records for the biggest ever tech listing on the London stock market (PA)Money transfer firm Wise’s blockbuster near-£8 billion flotation has broken records for the biggest ever tech listing on the London stock market. With the UK traditionally having lagged behind the US as a destination for tech flotations, the growing number of recent London IPOs are seen as a welcome boost for London’s increasing status as a tech hub. Already this year, the London stock market has welcomed Wise, Deliveroo, Cambridge-based cybersecurity firm Darktrace and chipmaker Alphawave IP to its ranks. Technology and consumer internet listings accounted for more than 50% of total capital raised through IPOs in the first half of the year, according to the London Stock Exchange. Here is a list of the top 10 biggest London tech IPOs by stock market value:1.


Source: Irish Independent July 07, 2021 13:52 UTC



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