Tech Companies Consider Floatation
Britains technology companies contemplate public flotations.
14:28 05 January 2021
Prime Minister Boris Johnson is persuading some of Britain's best-known technology companies to list their shares on the London Stock Exchange.
Based on reports, the prime minister held talks on Friday with executives from businesses like Revolut, the digital banking and payments group; Darktrace, the cybersecurity company; and Trustpilot, the online reviews platform, promising them government support through investment in fast broadband, skills and infrastructure.
Transferwise, the fast-growing fintech and Oxford Nanopore, the biotech group, are understood to have made up the corporate contingent.
Sources added that the meeting was also attended by Lord Hill, who is overseeing a review of the UK's listing regime; Ron Kalifa, the author of a forthcoming review on the British fintech sector; and Alex Hickman, the PM's chief business adviser.
Deliveroo, which is currently working with Goldman Sachs and JP Morgan, is more likely to be the first company to float, sources have claimed.