Recent IPO headlines have raised questions about London’s appeal as a financial destination.
But when viewed in a global context, the data tells a more balanced – and confident – story. London’s position on the Global Financial Centres Index remains secure, with only New York ahead of it globally. And when we zoom into Europe, London is the leading financial market.
The fundamentals that have long underpinned the City’s markets – deep pools of capital, global investors, strong governance regulation, and a highly-developed professional and financial services ecosystem – remain.
What’s more, geopolitical and economic instability has meant that subdued IPO activity has been seen globally – not just in London.
So, where does the decline narrative come from?