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Other Confirmed/Potential 2015-16 Listings

Equiniti (October)

The share registrar and investor services company aims to raise £390m from a £700m IPO in October to bolster its proven growth strategy, benefiting from a growing market and favourable trends towards outsourcing, greater regulation and digitalisation.

Ferrari

The iconic Ferrari is set to list on 20 October in a $10bn New York IPO with share priced $48-52 is on the cards to fund the next chapter in its history – and owner Fiat Chrysler may have to increase its planned floatation of just a 10% stake to meet ballooning demand for shares.

Primark

Arguably the UK’s dominant discount fashion retailer with big plans to go international. Primark is likely to be spun-off from food processor Associated British Foods (ABF) and represent a great investment opportunity. Potential for consistent double-digit revenue and profit growth.

Uber

We still don’t have an official IPO date, but the way in which the ‘cat amongst the pigeons’ ride-share firm has shaken up the taxi industry (for better or worse?) has got many excited about participating in any IPO. Where do you see the industry going if Uber comes to market?

Ashley Madison

With over 36m registered users in 46 different countries worldwide, the highly controversial dating website, which values itself at $1bn, is looking to raise £135mn in a London IPO.

Successful 2015 Listings

Wizz Air (WIZZ) – listed 25 Feb at 1150p/share; market value £600m

The Hungarian low-cost airline, which began flying in 2004 has a fleet of 54 airbus, revenues of €727m in H1 2015 and net profits of €158m (+45%) IPO designed to strengthen balance sheet.

DFS (DFS) – listed 6 Mar at 255p/share; market value £540m

With 105 stores in the UK, Ireland & Netherlands, the ‘on sale’ furnisher came to market to reduce debts.

Aldermore (ALD) – listed 10 Mar at 192p/share; market value £650m

The UK challenger bank followed One Savings Bank, TSB and Virgin Money to market.

Autotrader (AUTO) – listed 19 Mar at 235p/share; market value £2.35bn

Another example of private equity making a profitable turn; a £600m purchase converted to a £2bn float.

Shawbrook (SHAW) – listed 1 Apr at 290p/share; market value £725m

No April fool, the challenger bank joins fellow challenger banks cited above.

Sophos (SOPH) – listed 26 Jun at 290p/share; market value £1bn

The biggest London tech IPO, the cyber security company put UK software on the IPO map.

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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