IPOs and new issues
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.
|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 offering set aside exclusively for customers of AJ Bell.|
|Quilter||The business previously known as Old Mutual Wealth Management will float on London's Main Market on 25 June.|
|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.|
|Costa||Whitbread has confirmed plans to demerge Costa and list it as a standalone entity within the next two years.|
The video games publisher is to float on AIM on 1 June, raising £15m at admission.
|Yew Grove REIT||This is a newly-incorporated investment company seeking to invest in Irish commercial real estate. Hopes to join AIM in late May.|
|Maestrano||The UK, US, UAE and Australia-focused softward company helps businesses with automated management data. It is targeting a late-May AIM flotation.|
|Strongbow Exploration||The mining company hopes to join AIM in June and plans to reopen the South Crofty tin mine in Cornwall.|
|Chargemaster||Electric vehicle charging specialist Chargemaster is to float on the London Stock Exchange later this year.|
|Utilico Global Income||
The investment trust hopes to float on 22 June. It is targeting 5% dividend yield and 7.5-10% total annual return.
|Aston Martin||The carmarker is reportedly considering a London IPO in a deal that could value it at up to £5bn.|
The Dubai-based private school operator is rumoured to be eyeing a London IPO in 2018 with a speculated $4bn valuation.
|Cabot Credit Management||Britain biggest debt collector is rumoured to be having another go at getting its IPO off the ground, having pulled a listing last year.|
|Deliveroo||The food delivery platform is considering a stock market flotation in London or New York, according to media reports.|
|Odeon||Press reports suggest the cinema operator is preparing to list in London potentially during the summer.|
|Minergy Coal & Energy||The coal miner hopes to list on AIM in 2018.|
|Dangote Cement||Africa's biggest cement mixer may float later this year in London, 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.|
The second hand CD and electrical items seller is rumoured to be considering a London IPO.
Reuters reports that Saudi Arabia has shortlisted London as one of the potential places to float part of its national oil company Saudi Aramco.
|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.|
|O2||The telecoms provider is widely rumoured to be preparing to join the UK stock market, potentially letting retail investors buy shares at the IPO price.|
|Vue Cinemas||British cinema chain widely tipped to be floating in London soon.|
UK-based mobile apps and video games developer says it will look to float in London or the US Nasdaq market.
|White Rivers Exploration||Has a joint venture in South Africa with Harmony on one of the world's largest undeveloped gold mines. London IPO plans were shelved in 2017 but it may have another go in 2018.|
|Simit Sarayi||The Turkish simit bread seller is reported to be lining up a London listing in 2018.|
|Sok Marketler Ticaret||Reports suggest the Instanbul-based retailer could float in London and be worth $3bn.|
The Austrian cryptocurrency miner is conisidering a listing on AIM in 2018, according to press reports.
|Air Astana||Kazakhstan's national carrier Air Astana appears to have revived plans to float in London and Kazakhstan, judging by comments from its CEO in the media.|
|Eaton Towers||Reports suggest the Africa-focused telecoms infrastructure group could float in London and command a £1.5b valuation.|
|Amigo Loans||The subprime lender has reportedly hired bankers to look at a potential IPO in London. Reports suggest it could be worth more than £500m.|
|Nucleus||The IFA-backed funds platform is rumoured to be in the final stages of IPO preparation.|
|Sirius||The insurance business is reported to be gearing up for a $2bn IPO in London.|
The litigation funder is rumoured to be preparing a London IPO which could value it at close to £1bn.
|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.
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.