Deliveroo Sets London IPOs Up for Best-Ever First Quarter
- Proceeds are expected to surpass previous 1Q high in 2006
- Deal rush comes before proposed changes to U.K. listing rules
A Deliveroo courier stops in Chinatown, London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Reports of London’s decline as a financial center after Brexit may have been greatly exaggerated. In fact, initial public offerings in the U.K. are firmly on course for a record first quarter, even before any intervention from regulators.
This year, listings in the U.K. have raised 4.6 billion pounds ($6.3 billion), data compiled by Bloomberg show. With food-delivery company Deliveroo, consumer review platform Trustpilot Group Plc and infrastructure fund Digital 9 expected to add billions to the tally before the month is up, London is on track to surpass its biggest-ever first quarter in 2006, when proceeds reached 6.4 billion pounds.