London stock market facing blockbuster IPO year | The Daily Star
12:00 AM, January 25, 2021 / LAST MODIFIED: 12:24 AM, January 25, 2021

London stock market facing blockbuster IPO year

London will enjoy a very strong year for stock market flotations, analysts say, arguing that both Brexit and coronavirus offer firms a unique opportunity to expand.

Various big-name businesses that have seen booming online demand from home-bound customers during Covid-19 lockdowns have revealed eye-catching plans for initial public offerings (IPOs) in recent weeks.

Clarity over Britain's final departure from the European Union on January 1 acted as a catalyst for many companies to raise funds, according to specialists, while the rollout of Covid-19 vaccines also soothed investor concerns over the deadly pandemic.

So far this year, the celebrated shoemaker Dr Martens, app-driven meals delivery service Deliveroo and online greetings card seller Moonpig have all outlined plans.

"Looking to the year ahead, we can expect 2021 to be a very strong year for the UK IPO market," said Scott McCubbin at London-based financial services giant EY.

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