Lionel Laurent, Columnist

London's Shrinking Stock Market

Smaller firms matter more than bagging giant IPOs like Aramco.

July 7, 2017 at 7:00 AM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

1499355028_GettyImages-82252920 — Photographer: Chris Jackson/Getty Images

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Call it the curse of Brexit.

Worldpay Group Plc was the U.K.'s biggest initial public offering in 2015. Now the payments firm is set to be acquired and de-listed. Like ARM Holdings Plc, the pound's fall after Britain's vote to leave the European Union made the FTSE 100 company more vulnerable to a takeover.