The old street roundabout in London, the home of many technology companies and sometimes called “Silicon Roundabout”.
Chris Ratcliffe Bloomberg Gety pictures
UK capital markets at a crossroads. The startups in the country raised $ 8 billion in the first six months of the year, according to a report issued by Dealroom and HSBC Innovation Banking – more than France and Germany combined.
It was also found that the UK was the first destination in Europe for the investment capital for the thirtieth quarter in a row, as it was required by 30 % of all the capital that was raised throughout the continent so far this year.
But there is the side of the face.
Dealogic data shows donations from subscriptions in London in the first half of 2025 to The lowest level since the data It was first collected in 1995. Only five companies appeared for the first time in the London Market in the first six months of the year, when they collected 160 million pounds.
The bleak numbers follow a number of prominent strikes on the London Stock Exchange. This includes a money transfer company wise‘s resolution Last month, to transfer the basic listing site to the United States, and reports that the British drug giant Astrazeneca It can follow her example.
Peter Spitt, the CRENDUM general partner, one of the most successful VCS in Europe at an early stage, said he sees some momentum in the public subscription market, but he called for greater cooperation between different stakeholders.
“I think the most important thing is the dialogue between technology leaders who will go to the public subscription and the next generation that will do so within a few years, and the organizer,” he told Squawk Box Europe on Thursday.
“I think we need to enhance and act this discussion more, because what we need in the United Kingdom and Europe makes gravity as possible for companies to the public subscription here.”
Risk
The British Industry Union called for a new narration on LSE and the companies listed to the public, saying that “bold work” is required to stimulate public stock markets in the United Kingdom.
Julia Hogit, CEO of the London Stock Exchange Company, told CNBC that a “risk language” has been created in the United Kingdom over the past thirty years, rather than the opportunity of the opportunity that comes from investment.
The government called for an investment mentality, saying, “We have protected people from the negative side, and we did not get to know them to the upward trend, and as a nation, we have not conversated about the cost of an alternative opportunity for that.”
This approach that revives from the risks is something that Edward Knight, the president of the VC company, is the company, and he tells CNBC that the appetite of the risks in some corners of the world “certainly does not exist” in the UK.
He urged the country to learn from the past, saying: “We have had the opportunity to welcome encryption in our arms when the Supreme Education Council during the Gary Ginsner era was rejecting it, but we have gone through this opportunity.
Reform agenda
In its report, the Central Bank of Iraq called for policies that improve liquidity and competitiveness, while strengthening the public subscription pipeline. Julia Higgit of the London Stock Exchange on a stock exchange in recent years, CNBC told us, “We have already made our markets suitable.”
Meanwhile, Nigel Morris, the QED Fintech VC administrative platform, told CNBC via e -mail that the UK government is working to address fears of UK business leaders. This includes “the current tax scheme, which some say the employees of the growth phase companies, or the limited capacity to reach the capital to expand the range of technology.”
So where does all these expectations leave the subscriptions of the subscriptions in London?
Hoggett says the menus pipeline grows. “It is somewhat similar to an iceberg below the surface … but this pipeline builds very quickly, and from all over the world, because I believe that the reforms that we saw in the United Kingdom have already enabled the UK to a really convincing proposal.”
The giant VISMA has chosen the Norwegian software London for next public subscription, according to news first in Financial timesBut the pipeline behind it appears to be calm.
“I think the founders of these companies should have a long time, and the intensity of thinking about the place they believe that their interests would be better to offer by offering them in public,” said Fares Ann.
“There are many complications and dynamics because they are a public company, and therefore they need to discuss these councils with their paintings, with their investments, and discover where these interests are presented in the best way.”
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