Reeves and Goldman chief to pitch London to IPO candidates

Sunday 05 October 2025 5:01 pm
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Sunday 05 October 2025 5:03 pm

Chancellor Rachel Reeves will pitch to London Inventory Trade flotation candidates alongside one of many Metropolis’s prime bankers, in her bid to revive curiosity within the struggling UK market.

First reported by Sky Information, Reeves and Lucy Rugby, the newly appointed Metropolis minister, will host a gaggle of firm bosses on Monday to debate “the UK IPO surroundings” in response to a replica of the invitation.

The spherical desk dialogue will “embrace introductory remarks from ministers and an outline of the market surroundings from Anthony Gutman, Goldman Sachs”

Executives from different sectors will even be in attendance.

The identities of the businesses and executives attending the assembly on Monday haven’t been launched by the Treasury, who’re retaining them shut for industrial confidentiality causes.

Gutman is among the Metropolis’s main funding bankers, holding a senior world function on the Wall Avenue financial institution.

He has additionally labored on lots of the UK’s largest takeover offers and IPOs.

One competitor described it as “extremely uncommon” for Goldman Sachs to provide a free pitch to potential IPO candidates alongside a senior authorities minister.

IPO inflow a excessive precedence

Within the invitation, the Treasury acknowledged the difficulty of London’s attractiveness as a list venue was a “excessive precedence for the federal government”.

It mentioned: “Ministers are eager to listen to your views on the attractiveness of the UK as a list vacation spot for companies…and on the in depth bundle of reforms the federal government has undertaken to spice up the competitiveness of UK capital markets.”

The assembly takes place amid an encouraging time for capital, with each Magnificence Tech Group and tinned tuna producer, Princes, confirming IPO ambitions over the previous few weeks.

In the meantime, specialist lender financial institution, Shawbrook Group additionally unveiled its intention to drift.

One supply mentioned the chancellor may use the assembly to deal with questions and rumours a couple of doable stamp responsibility exemption for newly listed shares, which was reported to be into account by Treasury officers.

Abolish levies

Metropolis figures have been urging the federal government to contemplate abolishing stamp responsibility for a while, and are interesting for the Treasury to go additional.

Andrew Bresler, chief government of Saxo UK mentioned: “Stamp responsibility on share buying and selling ought to be abolished throughout the board if the UK is critical about revitalising its capital markets. 

The UK is now an outlier internationally, with only a few different markets making use of such a levy.

Complete removing of stamp responsibility is required to help the long-term well being of the Metropolis and restore confidence in London as a number one world listings venue.”

London has fallen behind quite a few worldwide rivals by way of the proceeds raised from IPOs, and rising doubts have been raised on the Metropolis’s enchantment for firms.