IPOs and new issues

Initial Public Offers (IPOs), share offers and bond launches are an exciting opportunity to access investments before they become available on the main markets.

test image

IPOs and new issues

Current IPOs and new issues

There are no current IPOs and new issues.

Please remember that investing in IPOs carries a high degree of risk. The value of your investment may fall significantly after the security is quoted on the open market and you may not get back all the money that you invest. Any decision to invest in an IPO, share offer or retail bond launch should be made solely on the basis of the information contained in the Prospectus, and any supplementary information. We do not offer advice on the suitability of any IPOs for you. Should you require financial advice please consult a suitably qualified financial adviser. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue.

Potential IPOs and new issues

The IPOs listed below are subject to change and some IPOs may not be offered to retail customers. If you have a query on an upcoming IPO please contact our Dealing services team on 0345 37 33 479.

Company Description
M&G Prudential Prudential is to demerge its UK business as a separately-listed company called M&G Prudential. Further details about the spin-off will be released later this year.
Litigation Capital Litigation Capital is expected to float on AIM on 18 December.
PetroTal

Oil and gas company PetroTal is set to debut on AIM on 21 December.

Crossword Cybersecurity Cyber security specialist Crossword Cybersecurity plans to make its AIM debut on 14 December.
Manolete Partners Manolete Partners, which acquires or funds insolvency and insolvency-related claims in the UK, plans to float on AIM on 14 December.
Ultrahaptics

Virtual reality tech specialist Ultrahaptics is considering a public listing according to media reports.

Azalea Energy

The oil and gas production company has previously said it will float on AIM on 29 October, but has not provided an update to the market.

Greenfields Petroleum Oil and gas exploration and development company Greenfields Petroleum plans to debut on AIM in early December.
Blue Ocean Maritime Income Closed-ended company Blue Ocean Maritime Income plans to raise $250m, but has postponed its debut on the London Stock Exchange from late October.
Path Investments Path Investments, an oil and gas firm that focuses on acquiring assets, said it plans to float on AIM in late October. No update has been provided to the market on the delay.
Green Man Gaming

Online video games retailer Green Man Gaming is planning to float on AIM soon.

Incanthera

The University of Bradford spin-out oncology company is hoping to float on AIM soon.

Deliveroo The food delivery platform is considering a stock market flotation in London or New York, according to media reports.
VPS Healthcare Reports suggest the Middle Eastern hospital manager is considering a London listing. It is a rival to FTSE 100 business NMC Health.
Standard Profil There is speculation that auto parts maker Standard Profil could float in London.

An IPO is the first sale of a company’s shares to the public. This is done by listing the shares on a stock exchange such as the London Stock Exchange and is also known as a flotation. 

An IPO is also referred to as a public offering as the sale of shares is to the general public, rather than directly to select institutional or large investors which is known as a private placement.

Companies choose to offer shares to the public for a number of reasons including to raise finance for growth opportunities, widen the company’s shareholder base and raise the profile of the company.

Another popular way for a company to raise finance is to issue retail bonds. The company borrows cash from investor at a fixed rate for a set period.  However retail bonds should not be confused with cash bonds issued by banks or building societies. They can be traded like shares on the London Stock Exchange and the value of them can go down as well as up.

Investment trusts can also issue additional shares and this process is referred to as an Offer for Subscription or Placing, this increases the size of the existing investment trust.

To take part in an IPO or retail bond issue you will need to open an account first. For more information on IPOs please read our guide.

You will normally not pay any dealing charges when taking part in an IPO. We will receive an intermediary fee based on the aggregate value of applications made by our customers for acting as an appointed intermediary. However if we do not receive an intermediary fee we will apply our normal dealing charge.

Stamp Duty and PTM Levy are not payable on IPOs.