The UK’s IPO market has been heating up for a while – it’s pretty exciting to watch. There was the recent scuffle over Royal Mail shares; Foxtons hit the ground running last month; and Crest Nicholson made a successful debut back in February (and there are a smorgasbord more in the pipeline).
But there’s still something missing from London’s stock exchanges. A big-ticket tech IPO.
The UK’s technology sector is booming, there are rumors of flotation plans surrounding many of our technology stars (most notably Mind Candy and Zoopla) but there’s a fear these firms will shun London and head to New York. That’s exactly what games maker King has done. The London-based creator of the insanely popular Candy Crush Saga has filed for an IPO in the US. Sniff, sniff.