A bumper year for initial public offerings (IPOs) in 2021 was followed by a relatively slow 2022 for London public market debuts. Now, amid turbulent economic headwinds, all eyes are on how the UK’s public markets will perform in 2023 — and which tech companies are likely to IPO.
Some UK tech companies have openly put their IPO plans on pause. Durham-based challenger bank Atom had previously been aiming for an IPO or other “liquidity event” in 2023, but the tech company has since shelved its plans until 2024 or 2025.
Others have recently braved the stormy economic conditions in which public and private markets have been battered by soaring inflation and rising interest rates. One of those is Berkshire-based semiconductor company Sondrel, which listed on London’s junior AIM market last October....