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THG £1.88bn tech IPO comes to London

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Manchester-based THG has become a global player in ecommerce and one of the UK’s biggest digital success stories. Now its founder Matt Moulding has taken his company public in a £1.88bn IPO.

For UK and European tech company founders, it’s a watershed moment. It shows that:

  • Tech companies don’t need to list outside of Europe to achieve multi-billion valuations
  • Tech company founders can stay in control as they continue their scaling strategies as public companies
  • There is a phenomenal level of demand for high-growth technology companies in London

As a result of the FCA’s reform of the listing rules announced in July 2024 (PS24/6), the ‘premium’ and ‘standard’ listing segments of the Main Market were replaced with a new ‘commercial companies’ category for equity shares.

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Charlie Walker

Head of London Stock Exchange Equity Primary Markets

Neil shah

Senior Business Development Manager, Technology Sector Specialist

Bod Buckby

Head of UK Primary Markets, North                                                                       

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