12 months are inadequate for London listings, with only 18 companies making their debut on the London Stock Exchange (LSE) in 2024. This is the lowest figure since records began in 2010, and this lack of IPO activity marked the UK’s capital market 20th. Place it in a new ranking of global IPO destinations published by Bloomberg.
Many companies choose to delay initial public offerings by waiting for a better economic situation, improving market positions, or expanding their product lines. Meanwhile, companies are being pulled away from the London Stock Exchange due to intensifying competition from private companies and attractive stock markets overseas.
However, 2025 could be a turnaround year for the UK stock market, with some well-known companies expected to be made public in the next 12 months.
Shane
Sheen, a Chinese first fashion retailer, announced plans for an IPO in London in 2025.
The company is accused of supply chain medical malpractice, including poor working conditions. It has also been strongly criticized for its negative impact on the environment. As a result, listing approval is slower than expected, and Shane’s leadership faces a difficult task that will ensure investors are temporary.
Shein was valued at $100 million (£79 billion) in April 2022, but fell to $660 billion (£53 billion) last year. Again, $50 billion (£39 billion) after the new US administration’s decision to end the new US administration’s decision to allow items equal to US tax exemption clauses below $800 (£635) I was able to reduce it. The removal of this measure, which allowed Shein to keep prices low, could hurt profits and be forced to raise prices in the US, Shein’s biggest market.
According to Reuters, Shein’s IPO date is set for April 2025.
Shawbrook
British lender Shawbrook Group is approaching the buoyancy of the London stock market, which could potentially value the company for over £20 billion.
Shawbrook private equity owners BC Partners and Pollen Street Capital have appointed Goldman Sachs to help oversee the process. The IPO plan was originally reported by Sky News and is expected to take place in the first half of this year.
Shawbrook first looked into flotation in 2021, but shelved these plans as key bank customers were hit by inflation and rising energy costs. If the IPO goes on, it will rank as one of the biggest companies to list in London so far this year.
Monzo
Monzo has long been linked to possible IPOs. CEO TS Anil has repeatedly stated that Digital Bank will create “a great public company one day” but remains nervous about timing.
The bank appears to be preparing a public list. Last year, we appointed two new CFOs. One is reported to have previous IPO experience and is undergoing preliminary consultations with bankers as it works to float by the end of the year.
However, the board has a hard time agreeing to the listing location. Reports suggest that Anil prefers the US list, but Monzo’s board is preferred in London. In addition to future IPOs, Monzo is also focusing on US expansion plans.
Sterling
The Sterling Group, which includes Sterling Bank, Bank Software Platform Engine, and Mortgage Lenders Fleet Mortgage, is considering a list of London’s stock markets.
John Mountain, the bank’s former interim chief executive, said it could be regularly discussed by the board and shareholders. The location has not been confirmed, but he said London will be a “nature home.” Mountain was replaced by Raman Batia as group CEO in March.
Starling’s latest results put the company in a strong position this year. Digital Banking Group reported that pre-tax profit for the year ending March 2024 increased by 54.7% to £31 million. Revenues rose 50.6% to £6,822 million. Mountain said it was a “groundbreaking year.”
Waterstone
UK Bookstore Waterstones implies an IPO in either London or New York. James Daunt, CEO of US book dealer Barnes & Noble and managing director of Waterstones, said the IPO will be a “very sensible place” for the group.
He also said 2025 will be a year of significant expansion for Waterstones and Barnes & Noble, with plans to open more bookstores in the UK and the US.
Every
UK payment startup Evely is currently working with Goldman Sachs and Bank of America on its London list. There was a lot of speculation that Ebury had planned an IPO last year. The report is about £2 billion and values the company.
Bruce Carnegie Brown, chairman of Lloyd in London, was appointed to the FinTech board of directors in October 2024.
Evely, alongside Monzo, is on the list of growth for fintech companies that are preparing to go public. Klarna, the Swedish buy-out payment company, is scheduled to be listed in New York in 2025. 2026.
Canopius
Canopius, one of Lloyd’s biggest insurance companies, is rumored to be listed on the UK stock market later this year. Bloomberg reported in July that the list could reach a £3 billion valuation. The group hires investment bankers from Fenchurch Advisory Partners to work on the process.
Like many others, Canopius abandoned its previous IPO efforts in 2021 due to a volatile market.
Jillch
Based in the UK, Zilch is focusing on IPOs. Last year, it raised £100 million in a debt financing agreement arranged by Deutsche Bank AG.
However, CEO Philip Veramant said standard London might not be the ideal list destination for Zilci. “We need a pension fund that invests in UK businesses. If that’s not happening, you won’t get liquidity and you’ll drive away that decision,” he said.
Melton Energy & Metal
Greece’s industrial conglomerate Melton Energy & Metal has taken steps to list its stocks on LSE. I submitted my documents to the Financial Conduct Authority (FCA) in December, the first step in the regulatory process to view company lists in London in 2025. This group maintains a secondary list of the Athens Stock Exchange.
The group is currently valued at around £4 billion, making it a candidate for the FTSE 100 Blue Chip Index.
RC Fornax
RC Fornax, the UK’s defense sector consulting business, became the first IPO of LSE in 2025. The company went public on the London stock market in February following its £6.15 million funding. These funds are allocated to technology innovation and adoption.
The business was founded in 2020 by RAF veterans Paul Reeves and Daniel Clark.
12 months are inadequate for London listings, with only 18 companies making their debut on the London Stock Exchange (LSE) in 2024. This is the lowest figure since records began in 2010, and this lack of IPO activity marked the UK’s capital market 20th. Place it in a new ranking of global IPO destinations published by Bloomberg.
Many companies choose to delay initial public offerings by waiting for a better economic situation, improving market positions, or expanding their product lines. Meanwhile, companies are being pulled away from the London Stock Exchange due to intensifying competition from private companies and attractive stock markets overseas.
However, 2025 could be a turnaround year for the UK stock market, with some well-known companies expected to be made public in the next 12 months.
