Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
London has strongest year for IPOs since 2021 - PwC
(Sharecast News) - London had its strongest year for IPOs in 2025 since 2021, according to PwC's latest IPO Watch EMEA 2025. The London Stock Exchange saw £1.9bn raised from 11 IPOs this year. There was flurry of activity in the final quarter as fintech Shawbrook and food and drinks firm Princes Group priced their IPOs at the end of October for £348m and £400m, respectively.
PwC said the three-year stamp duty holiday on shares in new UK IPOs announced in the Chancellor's Budget last month was widely seen as a positive step aimed at boosting the London IPO market.
EMEA IPO issuance was led by the Nordics and the Middle East regions as well as a rebound in the London market, PwC said.
Proceeds raised from European IPOs totalled €12.5bn, from 60 listings, slightly lower than the €15bn raised from 64 listings in 2024. However, the proceeds raised in the fourth quarter - €5.5bn from 15 listings - signal a continued revival of the IPO market, PwC said.
Global IPO proceeds rose 20% compared to last year, driven by increased activity in the US and Asia-Pacific .
Kat Kravstov, capital markets director at PwC UK, said: "Global IPO issuance rose in 2025 compared to last year, supported by the recovery of the US and Asian markets, with IPO volumes trending towards more normalised levels.
"London is also benefiting from a growing cohort of IPO-ready businesses, particularly in financial services and tech-enabled sectors. Combined with increasing private equity activity, this creates a favourable backdrop for new issuance. Provided the economic environment stays on track, London could be entering a more active listing cycle in 2026.
"Looking ahead, 2026 is shaping up to be another strong year for IPOs globally and in EMEA, driven by strong investor appetite for quality IPO stories, a backlog of issuers, including large unicorns, and overall constructive equity market sentiment, subject to continued stability. We also saw IPO activity by private equity sponsors strengthen in 2025 and we expect a stronger PE-backed issuance next year."
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
