Wealth Management

IPO no-no: Why UK wealth firms are snubbing public listings

Buyout shops are building scale in wealth management, but insiders say stock markets aren’t the obvious exit route for firms looking to cash out

From the cost of listing to the transparency it brings, there are a host of reasons for wealth firms to stay private
From the cost of listing to the transparency it brings, there are a host of reasons for wealth firms to stay private Illustration: FN staff

When the world’s biggest private equity firms came together in June for their annual SuperReturn European gathering in Berlin, senior figures bemoaned the lack of IPO exit options for their investments.

The dearth of IPOs in the UK in recent years has shut the door to a vital exit route for buyout firms. But despite a few glimmers of hope in the past few weeks, Europe’s listings markets remain subdued.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink