{"id":7809,"date":"2026-04-07T02:24:08","date_gmt":"2026-04-07T02:24:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/7809\/"},"modified":"2026-04-07T02:24:08","modified_gmt":"2026-04-07T02:24:08","slug":"londons-top-2025-listings-tumble-in-blow-to-ipo-revival-hopes","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/7809\/","title":{"rendered":"London\u2019s top 2025 listings tumble in blow to IPO revival hopes"},"content":{"rendered":"

\t\t\tTuesday 07 April 2026 3:15 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n

\t\t\tMonday 06 April 2026 3:21 pm\n\t<\/p>\n

\"Londons\t\tLondon’s top 2025 IPOs have disappointed shareholders\t<\/p>\n

London\u2019s biggest listings in 2025 have all tumbled since the start of the year, dealing a blow to hopes of a revival in the capital\u2019s lacklustre IPO market.<\/p>\n

The five biggest floats from last year slumped by an average of 26 per cent in the first quarter of 2026, according to a City AM analysis, leaving them all trading well below their IPO price. By comparison, London\u2019s mid-cap FTSE 250 index was down by only 5.4 per cent over the same period, while the blue-chip FTSE 100 was up by more than two per cent.<\/p>\n

Dual-listed data centre energy firm Fermi has been the worst-performing of the recent IPOs, with its stock down by two-fifths since the start of the year, followed by British bank Shawbrook, which is down by around a third.\u00a0<\/p>\n

Tinned tuna giant Princes Group is down 16 per cent since January, while Beauty Tech group fell 15 per cent and Metlen dropped 27 per cent. The only major firm to be trading above its IPO price was \u00a3360m accountancy firm MHA, which has seen its stock jump by around a quarter since its April AIM float.<\/p>\n

The poor performance of the London Stock Exchange\u2019s newest constituents, many of whom joined the market in a hopeful fourth-quarter flurry of floats, pours cold water on the prospects of further listings in the year ahead, amid a global IPO market that has been subdued by uncertainty following the outbreak of war in Iran at the end of February.<\/p>\n

\t\tJamie Dimon finds IPO drought \u2018surprising\u2019<\/p>\n

Writing in his set-piece letter<\/a> to shareholders yesterday, JP Morgan chief Jamie Dimon said he found it \u201ca little surprising\u201d that private equity firms had not \u201ctaken greater advantage of healthy markets to take their companies public.\u201d<\/p>\n

The banking chief warned: \u201cWe have generally had nothing but a bull market since the great financial crisis \u2014 it\u2019s hard to imagine what will happen if and when we have an extended bear market.\u201d<\/p>\n

But in an interview<\/a> with City AM last month, Brian Hanratty, head of capital markets at City broker Peel Hunt, insisted that there remained a high chance of a second-half revival in London\u2019s IPO market, adding that \u201cthe pipeline is the best we have seen in a number of years.\u201d<\/p>\n

\u201cUltimately we would like to see markets stabilise,\u201d Hanratty said.<\/p>\n

\u201cThe market\u2019s hoping for a short term resolution for the conflict. And the big question this all raises is is there a higher risk of a stagflation rate backdrop that impacts how companies see their forecasts.\u201d<\/p>\n

\t\t\t\t\tRead more<\/p>\n

\t\t\tRAC could jump-start London\u2019s IPO engine with bumper \u00a35bn float<\/a><\/p>\n

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\t\t\tPeople & Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Tuesday 07 April 2026 3:15 am \u00a0|\u00a0\u00a0Updated:\u00a0 Monday 06 April 2026 3:21 pm London’s top 2025 IPOs have…\n","protected":false},"author":2,"featured_media":7810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[3984,633,3985,3986,3987,3988,3989,27,3990,321,160,3991,18,3992,3993,3994],"class_list":{"0":"post-7809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-beauty-tech-group","9":"tag-business","10":"tag-fermi","11":"tag-ipo","12":"tag-jamie-dimon","13":"tag-jpmorgan","14":"tag-listings","15":"tag-london","16":"tag-london-listings","17":"tag-london-stock-exchange","18":"tag-markets","19":"tag-metlen","20":"tag-news","21":"tag-peel-hunt","22":"tag-princes-group","23":"tag-shawbrook"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116361052988994507","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/7809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=7809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/7809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/7810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=7809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=7809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=7809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}