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LSE: UK tech IPO’s raised £6.6bn in 2021

Following a year of bumper public debuts by tech companies, the UK tech sector raised a record £6.6bn through IPOs in 2021, according to new data released by the London Stock Exchange (LSE).

The analysis shows that this was more than double the amount raised during the same period in 2020 (£3.1bn).

With 126 companies listing in the UK in 2021, tech companies made up 29% of listings on the LSE, indicating the UK tech industry is increasing maturity and driving much of the London market’s success.

Landmark IPOs of UK-headquartered businesses in 2021 included Deliveroo, Moonpig and Trustpilot.

The 37 tech IPOs compare with just eight in 2020, LSE’s data revealed.  

London also attracted international companies such as TrustPilot, AlphawaveIP and Devolver Digital, helping the UK’s markets become “some of the world’s most international and diverse”, according to Economic Secretary to the Treasury John Glen.

“The Government is working with firms, the regulators and the stock market to make the UK even more attractive for companies to list, including by reforming our listings regime following Lord Hill’s independent review, alongside broader capital markets reforms,” he said. The work does not stop here and we will continue to support the UK’s cutting-edge tech sector by making our markets even more attractive.”

Digital Minister Chris Philp described 2021 as a brilliant year for the UK tech market. 

“It’s great to see just how many companies have grown from start-up to scale-up, to finally becoming publicly-listed businesses on the London markets,” said Philp. “Global investors hold London’s capital markets in high esteem and as we implement clear governance around innovative fast-growth companies, including rules around AI and data, we believe even more companies will appreciate the advantages that listing in London can give them.”

Last year, the UK tech sector raised £13.5bn in the first six months of the year, almost triple the amount made compared to the same period in 2020.