The UK stock market has plunged below tiny venues like Oman, Malaysia and Luxembourg in Bloomberg's global IPO rankings. London didn't have any IPOs in the top 100 globally, with markets like Greece and South Africa hosting bigger deals. Rising competition from Asia and the Middle East are hurting the UK's position, while a number of top companies are delisting from London for the sunnier shores of New York. Read my exclusive analysis here with Julia Fioretti, Swetha Gopinath, Pablo Mayo Cerqueiro, Rafael Hakl and Deniz Besiroglu:
Alex Gavrish
1w
Very informative
The route cause of this is successive governments who have not recognised the importance of the UK Fund Management industry. It is clearly too early to judge the incumbent. This, and in no small measure, often ill-conceived regulation have decimated the industry and turned the UK stock market into a backwater. While IPO’s are obviously an important ingredient to an ongoing successful market, the focus by PE and foreign trade on UK incumbents, clearly pours cold water on the premise that the UK doesn’t house an abundance of attractive opportunities. It clearly does, but without active capital to support them, their ratings unsurprisingly in many cases languish global peers; let alone support new entrants. I have said many times, you can’t play a game of football without players. Until this is realised, and addressed, we go nowhere in my opinion, likely further backwards. Sad.