2021 was a big year for IPOs. With almost 1,500 companies listing around the world, the number of IPOs nearly doubled in 2021 compared to the year before. The amount of capital raised surpassed $525 billion.
The unruffled start to trading should help London’s efforts to maintain its reputation as a FinTech hub as it has struggled to attract fast growing companies keen to list.
The WISE listing will be another test for London as a Fintech hub, as the UK grapples with its post-Brexit status in an era when it has struggled to attract fast growing companies looking to launch an IPO.
As recently as last December, Boris Johnson hosted a session with the bosses of some of the top Tech firms in the UK, Kristo attended on behalf of TransferWise. It was clear that it was important to the UK government that companies like TransferWise list in London.
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