Michaela
Chancellor Rachel Reeves and Goldman Sachs investment banker Anthony Gutman are set to co-host a private roundtable with tech and growth-sector executives, aiming to position London as an attractive hub for upcoming initial public offerings (IPOs).
Key points:
- Chancellor Rachel Reeves and Goldman Sachs banker Anthony Gutman will co-host a roundtable with tech and growth-sector executives to promote London as an IPO hub.
- The UK Treasury has not disclosed attendees, but the meeting may address a potential stamp duty exemption for newly listed shares to attract listings.
- London’s IPO market has fallen behind global rivals, prompting government efforts to boost competitiveness, support innovation, and advance emerging sectors like AI and quantum technology.
According to Sky News, Reeves will join on of the top investment bankers of Goldman Sachs to promote London as a destination for stock market listings. Alongside newly appointed City Minister Lucy Rigby, Reeves will meet with corporate leaders on Monday to discuss the current IPO landscape and explore ways to attract international listings to the UK.
Executives from technology and other sectors are expected to participate in the roundtable, which will feature opening remarks from the ministers and a market overview from Gutman. The UK Treasury has not disclosed the names of attending companies or executives, citing commercial confidentiality.
Per Sky News, a source indicated that the chancellor may use Monday’s meeting to address questions about a potential stamp duty exemption for newly listed shares. The measure was reported last week as being under consideration by Treasury officials.
Over recent years, London has fallen behind several competing financial hubs in IPO fundraising, and the trend of major firms moving their listings to the U.S. has raised questions about the City’s ongoing attractiveness.
“This government is focused on making the UK the best place for businesses to invest and attracting the most innovative companies to start, scale, list and stay here, and the FTSE 100 continues to trade close to an all-time high,” a Treasury spokesperson stated. “By continuing to remove barriers to investment, we’re delivering our Plan for Change so that our businesses succeed, and our economy grows,” they added.
This development comes as the UK government intensifies its efforts to advance quantum technology, artificial intelligence, and other emerging sectors. In September, U.S. President Donald Trump and U.K. Prime Minister Keir Starmer signed a memorandum of understanding during Trump’s state visit to London, establishing plans for collaborative development in these sectors.
The agreement establishes a Ministerial-Level Working Group to serve as a strategic forum for guiding bilateral cooperation, setting priorities, and overseeing the implementation of joint initiatives.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
