The City Minister intensifies efforts to convince some of the most precious financial technology companies in Great Britain to list in London as “unicorns”, including Monzo, intend preparations to return public.
Sky News that Emma Reynolds, economic secretary of the Treasury, met with business leaders such as Clearscore, Monzo, Oaknorth and Revolut on Tuesday morning.
Antony Jenkins, the former director general of Barclays who founded 10x Banking Technologies, a supplier of banking software, also attended Reunion, alongside Dame Julia Hoggett, Director General of the London Stock Exchange and Simon Walls, a director of the Financial Conduct Authority.
The summit arrives in the middle of a desperate quest for the LSE to attract new important announcements, with leading technology names, notably Deliveroo and the cybersecurity software group, DarkTrace having both been the subject of buyout offers.
Last weekend, Sky News revealed that Monzo – now the seventh bank of the United Kingdom – was at the first stages of the fight against investment bankers to work on a first public offer.
Morgan Stanley helped the company organize meetings with potential investors before a flotation that could enhance it at 7 billion pounds sterling.
London currently seems to be the privileged choice of his board of directors for a registration, the first half of next year considered the first window for an IPO.
Revolut, which was recently estimated at $ 45 billion in a sale of secondary shares, is considered to be more likely to list in New York in the coming years.
A Treasury spokesperson said: “We are determined to make Great Britain the best place in the world to start, evolve and list.
“This is why we reduce administrative formalities, ensuring that companies can access the capital they need to develop and support the country’s most exciting businesses to prosper thanks to our industrial strategy.”