, Columnist
Why London Should Be Watching Dr. Martens's IPO
The pandemic has turned some perfectly fine private companies into superstars. Not all of them will keep that status.
Back in style.
Photographer: LESLEY MARTIN/AFPThis article is for subscribers only.
2021 is shaping up to be a hot year for London’s stock market.
There is a wave of potential initial public offerings being planned, many from companies that benefited from consumer behavior during the pandemic, such as online ordering services. But investors should proceed cautiously. Only some of the spending habits formed during lockdown will stick around. Add in buoyant stock markets, and there’s a risk of a homebound consumer bubble.