London’s IPO market should not be a closed shop

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By Aidan Gregory
09 Feb 2021

Retail shareholders have been excluded from a string of recent hot IPOs on the London Stock Exchange. This does little to dispel accusations that financial markets are the preserve of the elite.

Since 2016, London’s IPO market has been so sleepy that it did not matter so much that companies going public for the most part swerved ordinary retail shareholders, with investment trusts being the main exception.

Just $8.2bn was raised by companies listing on the London Stock Exchange last year, ...

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