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.

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IPOs and new issues

Current IPOs and new issues

Title Issue type IPO status Closing date
Triple Point Social Housing REIT plc Share issue Open Tue, 16/10/2018 - 17:00 Find out more
John Laing Environmental Assets Group Ltd Share issue Open Tue, 16/10/2018 - 17:00 Find out more
AVI Japan Opportunity Trust PLC IPO Open Thu, 18/10/2018 - 11:00 Find out more
Heylo Housing Secured Bond plc - 1.625% Inflation-Linked Secured Sterling Bonds due 2028 Bond issue Open Mon, 22/10/2018 - 12:00 Find out more
Merian Chrysalis Investment Company Limited IPO Open Wed, 31/10/2018 - 12:00 Find out more
M&G Credit Income Investment Trust plc IPO Open Wed, 07/11/2018 - 10:00 Find out more

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 sup- plement thereto. 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
AJ Bell

AJ Bell, a leading investment platform provider, is preparing for an IPO towards the end of 2018 or early 2019, with an element of the offer set aside exclusively for customers of AJ Bell. Find out more

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.
Blue Ocean Maritime Income Closed ended compny Blue Ocean Maritime Income plans to raise $250m when it floats on the London Stock Exchange in late October.
The Multifamily Housing REIT

This closed-ended real estate investment trust expects to float on the Main Market on 28 September.

Summerway Capital One Path Investments, an oil and gas firm that focuses on acquiring assets, plans to float on AIM in late August.
Path Investments One Path Investments, an oil and gas firm that focuses on acquiring assets, plans to float on AIM in late August.
Merian Chrysalis Investment Company

Guernsey investment company Merian Chrysalis plans to raise £200m when it floats on the London stock exchange soon.

Green Man Gaming

Online video games retailer Green Man Gaming is planning to float on AIM in late September.

Smithson Investment Trust The investment trust plans to raise up to £250m when it debuts on the stock market on 19 October.
Wentworth Resources Wentworth Resources, an oil and gas exploration and production company, plans to list on AIM in early November.
Incanthera

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

ECI Telecom The Israeli telecom equipment maker is preparing for a London listing for late October.
Kropz The small cap hopes to join AIM in the second half of the year. It has an advanced stage phosphate project in South Africa and its CEO Ian Harebottle is best known for previously running Gemfields.
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.
SoftBank Corp SoftBank Group will float its Japanese mobile phone business in Tokyo later this year. Reports suggest it may also list the shares in London.
MRH The petrol station operator could be floated on the London stock market soon in order to provide an exit route for current owner Lone Star Funds, according to media reports.
Eaton Towers Reports suggest the Africa-focused telecoms infrastructure group could float in London and command a £1.5b valuation.
Finablr The holding company for businesses including Travelex is rumoured to be weighing a share sale in London in 2019.

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.