The London Tunnels set to become UK's first IPO of 2024

Flotation expected in January

Cristian Angeloni
clock • 2 min read

The London Tunnels (TLT) has shared it intention to float on the London Stock Exchange, making it London’s first IPO of 2024, if the plans go ahead.

In a stock exchange filing today (12 January) the company said it intends to seek admission to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Deep Dive: Can the UK be an IPO hub? It expects the IPO to take place in January 2024, with a market capitalisation of £123m on admission. TLT added, it will commence post-admission placing for up to £30m at £2 per share, after having already raised £10m. The London Tunnels plans to restore, reuse and bring back to life the Kingsway Exchange Tunnels in central London, which were bu...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Shop price deflation hits 0.7% in January as prices are expected to rise
UK

Shop price deflation hits 0.7% in January as prices are expected to rise

Major discounts for non-food products

Sorin Dojan
clock 28 January 2025 • 1 min read
UK consumer index slides sharply in January amid public 'losing confidence' in economy
UK

UK consumer index slides sharply in January amid public 'losing confidence' in economy

All five measures down

Sorin Dojan
clock 24 January 2025 • 2 min read
Financial heavyweights join forces against chancellor's IHT/pension plans
UK

Financial heavyweights join forces against chancellor's IHT/pension plans

Send joint letter

Jenna Brown
clock 23 January 2025 • 2 min read
Trustpilot