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The Irish government raised €3.4bn by listing 679m shares of Allied Irish Banks on the London Stock Exchange. Europe’s largest IPO was so oversubscribed that more shares of the €12bn bank could be offered in the future.
Alfa Financial Software, who notes Barclays in its client base, initially offered shares at 325p. However, its shares touched a high of 548p in 2017, 69% higher than its initial price to take its market cap above £1.5bn.
IntegraFin The £500m fintech firm is scheduled to be the first London IPO of the year, with the trading services provider for almost £30bn of assets expected to list in March, report the Financial Times.
Aston Martin The sports car maker has hired Lazard to advise on a potential £2-3bn London float in Q2 or Q3 of 2018, according to Reuters, following competitor Ferrari’s successful 2015 New York listing.
Odeon The cinema chain is set to follow peer Cineworld with a Summer listing on the LSE, with parent company AMC looking to raise over £500m by undertaking a £1.5bn listing of Odeon, say Sky News.
O2 Parent company Telefonica put its £10bn listing of O2 on hold for the second consecutive year in 2017, this time due to a delayed 4G/5G auction, however it still hopes to IPO in 2018.
Saudi Aramco The eagerly anticipated flotation, expected in 2018 or 2019, would easily be the largest IPO in history. JP Morgan and Citigroup are advising the $75bn listing in London or New York.
Comparethemarket.com Following GoCompare.com’s successful listing in November 2016, the price comparison website’s owner BGL is exploring a possible £2bn float in 2018.
Other UK firms expected to explore an IPO in the next 12 months are Brewdog, Pret a Manger, Sky Betting & Gaming and Vue Cinemas. Which of these companies do you think could return an attractive profit after listing?
Spotify The music streaming service has filed to go public in the US, valuing the company at $15bn. The company will not offer new shares in an IPO, but instead list existing shares directly on the NYSE.
AirBnB The real estate rental company turned its first profit in 2017, and also appointed its first independent board member, opening the door to a potential $30bn IPO later in 2018.
Uber With a new CEO, fresh faces in the boardroom and a fresh wave of external investments, the $70bn giant is targeting an IPO before the Autumn of 2019. Exactly when this will be is still a mystery.
Others that may explore IPOs are SpaceX ($21bn), Palantir ($20.3bn) WeWork ($20bn) and Pinterest ($12.3bn).
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
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